06/10/2026
INDIANAPOLIS (WISH) — The central Indiana housing market posted its strongest month in four years in May, with closed sales and home prices reaching new peaks, according to Dan Brown, a realtor with FC Tucker.
Brown joined Daybreak on Tuesday for the monthly real estate rundown.
The median home price in central Indiana climbed to an all-time high of $320,600 in May. Prices vary significantly across the region, with Boone County leading at approximately $700,000, Hamilton County near $475,000, and Marion County around $285,000.
“Prices have been there, and they’ve stayed high, which is a good thing for sellers,” Brown said. “Sellers are taking their equity out to go out and buy that next house, and that helps drive it too.”
Brown says the market has largely recovered from affordability challenges that followed rising interest rates in recent years. Buyers and sellers are now actively engaging, negotiating, and closing deals at a pace not seen in four years.
“People buy and sell real estate because they have a personal need — there’s a change in their lives,” Brown said. “People have been waiting. It took time to get acclimated to the rise in interest rates, but prices really have not come down.”
The strong performance in May followed an equally active April, and Brown said early data from the first week of June suggests the momentum is holding. New contracts, closings, new listings, and prices are all tracking close to record highs for the month, going back at least eight years.
