Indiana Real Estate in May: Sales Up 25% YoY, Inventory Down 48% YoY

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.  Remember sales were weak in April and May 2020 due to the pandemic, so the YoY sales comparison is easy. 

For for the entire state Indiana:

Closed sales in May 2021 were 8,470, up 24.8% from 6,789 in May 2020.

Active Listings in May 2021 were 6,559, down 48.2% from 12,656 in May 2020.

Months of Supply was 0.8 Months in May 2021, compared to 1.7 Months in May 2020.

Inventory in May was up 4.9% from last month.