Market Report | Year-End 2025

As we close out 2025, residential real estate activity across the Indiana communities served by Encore Sotheby’s International Realty reflects a year defined by steady demand, selective pricing growth, and a gradual recalibration of buyer behavior. Compared to 2024, many markets experienced increased transaction volume, indicating continued engagement despite evolving economic conditions and more deliberate decision-making from buyers.

Pricing trends varied by region and price segment. Several suburban and luxury markets saw meaningful year-over-year appreciation, reinforcing the long-term value of well-located, high-quality properties. At the same time, certain areas experienced modest price adjustments or slower absorption, highlighting the importance of accurate pricing and thoughtful positioning. Across much of the state, days on market increased year over year, signaling a shift toward a more balanced environment where buyers are taking additional time to evaluate options and sellers are navigating a more competitive landscape.

Notably, the luxury segment across Central Indiana demonstrated strong transaction growth and improved efficiency, while lakefront and lifestyle-driven markets showed fewer overall sales but higher average prices — underscoring continued demand for distinctive properties even as inventory dynamics evolve. Urban and downtown markets reflected a more measured pace, influenced by product mix and buyer preferences.

Overall, the 2025 data points to a market that remains healthy, nuanced, and highly localized. Understanding how these trends play out at the community level is essential for making informed decisions, whether you are considering selling, purchasing, or investing. Encore Sotheby’s International Realty remains committed to providing clear insight and trusted guidance to help clients navigate today’s market with confidence.


Encore Sotheby’s International Realty is a boutique residential real estate brokerage providing home sellers and buyers with a luxury level of service in Indiana and beyond. Specializing in the central, northeast and northwest regions of Indiana, the firm operates out of offices in Carmel, Indianapolis, Zionsville and Fort Wayne. Backed by the world-class Sotheby’s International Realty brand, clients benefit from local expertise with global reach. For all of your real estate needs, call 317.660.4444 or visit encoresothebysrealty.com. 

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