Quick Fort Wayne real estate market update comparing stats from July 2021 to July 2022. A lot of market factors are in play, we are contending with higher interest rates and inflation that has created some uncertainty for buyers and sellers. The great news for sellers is that we saw a 14.7% increase in home values over the past 12 months and inventory has decreased 12.9%. With the rise in interest rates and other market factors such as inflation the market has softened some and buyer activity has declined with fewer pendings and closed sales. It was not uncommon for there to be 10+ offers when a new listing hit the market last year, now we are seeing less activity (maybe 2-3 offers) and in some cases homes sitting on the market a little longer. Property…

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