The latest statewide market data from the Indiana Association of Realtors covers June, as well as a mid-year overview.

Sales rebounded quickly through March before slowing in the second quarter to finish 14% below the first half of last year. The month of June also closed 13% behind 2022.

The association says higher mortgage rates have obviously impacted the market, but a key issue is how mortgages over 6.5% seem to have impacted sellers, more than buyers, in 2023.

New listings are 17% below 2022 and falling faster since the start of the year. The association says homes are selling quickly, averaging less than a week from listing to pending since the end of March, and statewide sale prices continue to rise.