The U.S. housing market is gradually cooling off amid elevated mortgage rates and growing recession concerns.
The national median existing-home sales price in April slipped 1.7% from one year ago to $388,800, according to USA TODAY.
In Indiana, it’s been a bit of a mixed bag. April home prices in Indiana were up 6.4% compared to last year, selling for a median price of $246,700, according to real estate site Redfin. But the number of homes sold was down 21.4% year over year.
So sales are dwindling, but the average price remains elevated compared to 2022.