Inventory in Montgomery County has been steady, with active listings holding flat month over month and up slightly from last year. New listings have risen more than 25 percent year over year, yet homes sold are only up a bit and pending sales are actually down compared with a year ago. With months of supply increasing to 2.3 but still below Indiana’s 2.9 months, conditions lean toward a seller’s market even as buyers gain a bit more choice.
Prices are adjusting to this shift in activity. The typical home value is down about 7 percent from a year ago, even as the median list price has climbed nearly 25 percent, suggesting sellers are testing higher asking prices while buyers negotiate.
Homes are taking longer to sell, with median days on market up more than 60 percent from last month and modestly higher than a year ago. A smaller share of properties are selling above list price, and the average sale-to-list ratio has slipped to just over 95 percent, indicating buyers have somewhat more leverage than earlier this year. Compared with the state overall, Montgomery County offers lower typical home values and slightly tighter inventory, which can appeal to both budget-conscious buyers and motivated sellers. Buyers and sellers who want to navigate these mixed signals can turn to Agent Pronto to connect with a local agent who understands this evolving market.
