Homebuying Trends in Indiana for High-Income Households ($250K to $500K)
Indianas housing market saw unprecedented activity in the early 2020s. A combination of rock-bottom mortgage rates, scarce inventory, and strong demand sent prices soaring. Bidding wars became common as the average sale price in 2021 exceeded listing prices amid fierce competition. Grindstone Media Group / Shutterstock.com This changing of the guard means new preferences are influencing what and where high earners buy. As a result, high-earning buyers set their sights on spacious suburbs and even rural locales....