08/20/2026
What I'm seeing is that the housing market remains robust in Central Indiana with some unique quirks. Condos and Townhomes are seeing a pretty noticeable cooling off while the single family products are remaining strong, if not a little softer. After analysis of July 2026 data, this is what our experts are saying:
In July, the median sales price for single-family homes in central Indiana was $330,000, an increase of 1.5% from last July and unchanged from the previous month. Within the MIBOR BLC®
service area, 8 of the 17 counties reported positive price changes compared to a year ago, including Hamilton, Madison, Marion and Montgomery. Year-to-date, 11 of the 17 counties showed
positive price growth. In the condominium market, prices were relatively flat, down 0.5% from last July and up just 0.9% year-to-date, at a median sales price was $235,000.
“July closed sales rose 6.1% year-over-year, consistent with the steady growth in pending contracts we've seen through the spring and early summer,” says MIBOR CEO Shelley Specchio. “At the same time, active inventory is up 17.4% from last year, which is beginning to ease some of the competitive pressure buyers have faced. We're not at a balanced market yet — supply is still tight by historical standards — but the trend over the past several months has been a steady move in that direction.”
