Fountain Square currently leans toward sellers, with the market gauge reading as a seller’s market despite signs of softening. Months of supply has climbed to 6.9 in this rolling three-month view, up sharply from a year ago. At the same time, buyers are seeing more choices, with active listings up about 12 percent year over year.
Home values have edged down compared with last year, with the typical home value off around 6 percent, while median list prices are also slightly lower year over year. Demand has cooled somewhat, as homes sold and pending sales are both down compared with the same period last year, even as new listings are roughly flat. Sellers are still achieving strong pricing overall, with an average sale-to-list ratio just under 98 percent and about 13 percent of homes selling above list.
Pace is slower than it was a year ago, as the median days on market has ticked up to about a month, and the share of homes that go under contract within two weeks is under one-third. Compared with the broader Indianapolis market, Fountain Square’s prices sit higher, while local supply appears considerably deeper than the citywide 3.1 months of inventory. This mix of softer prices, rising inventory, and solid sale-to-list performance creates different tradeoffs for each side of the table, and Agent Pronto can connect both buyers and sellers with an agent who understands how to navigate today’s Fountain Square conditions.
