South Wayne currently leans toward sellers, with the market gauge at 27 out of 100. Months of supply is 4.8 in this rolling three-month view, noticeably higher than Fort Wayne’s 1.6, suggesting more breathing room for buyers locally. Homes are also taking longer to sell, with a median of 118 days on market, which is a sharp increase from a year ago.
Price trends over the past year point to softer conditions for sellers. The typical home value in the latest rolling three-month period is down nearly 39% year over year, while the median list price has fallen about 8% over the same span. At the same time, the average sale-to-list ratio has held near 96%, and no homes in the recent period sold above list price, a notable shift from earlier periods when some properties regularly closed above asking.
Activity levels have cooled compared with last year, with homes sold in the latest three-month window down more than 70% year over year and pending sales off by about two-thirds. New listings are also roughly half of what they were a year ago, and active inventory has declined by more than 40%, even as homes sit on the market longer. With these crosscurrents in pricing, inventory, and buyer demand, both buyers and sellers in South Wayne can benefit from Agent Pronto’s help in finding an agent who understands the latest local trends.
