The price cuts by state map below shows the share of active listings with at least one price reduction, as of June 24, 2026. Five states are labeled with verified Parcl data: Arizona 50% (highest), Florida 47%, Indiana 40%, Ohio 34%, and Illinois 25%. Other states are shown in gray where we have not plotted a verified number from the Parcl daily feed.

Price Cuts by State 2026: Where NWI Sits in the National Map

Posted June 24, 2026 · By Josh Pavich · Licensed Real Estate Agent, Weichert Realtors Shoreline · NIRA Member

Realtor.com Economic Research · May 2026 county data · Parcl Labs via X · June 24, 2026 state data

The National Picture: Price Cuts by State in 2026

Parcl Labs publishes a daily map showing the share of active listings with a price cut, by state. As of June 24, 2026, the national pattern is clear: sellers are “blinking” hard in the Sun Belt and Mountain West, holding firm in the Northeast, and somewhere in between across the Midwest.

The Sun Belt has been the worst-hit region since 2023. Arizona, Florida, Texas, and the Carolinas absorbed the bulk of the pandemic-era building boom, and now those homes are sitting on the market while buyers grapple with mortgage rates that haven’t meaningfully eased. Sellers who listed at 2022-peak prices are discovering the hard way that those prices assumed a 3% mortgage, not a 7% one.

The Northeast is the counter-example. Manhattan at 9.4% is essentially a seller’s market still — low inventory, high demand, and the kind of international buyer pool that doesn’t disappear when rates rise. Boston and Washington D.C. follow similar patterns. Buyers there are competing against each other for scarce listings, which means sellers don’t have to negotiate.

The Midwest sits in the middle. Indiana at 40% (Parcl) is higher than Ohio at 34% and Illinois at 25%, but lower than Tennessee or Kentucky. The state-level number averages everything happening across very different local markets — and that’s where the NWI data starts to matter.

The NWI Read: Why County-Level Data Changes the Story

Indiana at 40% sounds alarming. But Realtor.com’s county-level data for May 2026 tells a more precise story for Northwest Indiana. Here’s the share of active listings with at least one price reduction, county by county:

Two important observations:

• NWI is mid-pack, not crisis. Lake County at 20.5% and Porter at 14.8% are far below the 40% Indiana number Parcl reports. Even LaPorte at 19.2% is more than a full standard deviation below the worst Sun Belt counties. This is a normalizing market, not a capitulating one.
• The state vs county gap is real methodology, not bad data. Parcl’s share counts every active listing with at least one price cut. Realtor.com’s methodology excludes listings under 30 days on market (where sellers haven’t had time to react yet). Both are valid cuts of the same reality, and both are pointing in the same direction: prices are adjusting, but slowly and locally, not all at once.

Why Sellers Are Cutting: The Three Forces Driving NWI Adjustments

The price-cut data is a symptom. The disease is a collision of three forces that started in 2022 and is still unwinding. The price cuts by state map is one symptom; what matters for NWI buyers and sellers is how those forces land locally — and that depends on the county-level cut share you can see in the chart above.

What this means in plain English: the buyer’s monthly payment has roughly doubled compared to 2021 on the same-priced home. Even if prices come down 10%, the payment is still much higher than it would have been three years ago. Sellers who refuse to acknowledge that are the ones cutting prices twice. That’s the underlying mechanic behind every state and county line on the price cuts by state chart — buyers simply can’t stretch to 2023 asking prices anymore.

Lake and Porter counties have something the Sun Belt doesn’t: they’re not oversupplied. New construction permits in NWI have been running well below the state average since 2023, which means inventory isn’t flooding the market the way it is in Phoenix or Austin. That’s the single biggest reason Lake County’s 20.5% cut rate sits where it does — it’s a market clearing rate, not a distress signal. The same logic drives why the price cuts by state rankings look so different between, say, Arizona (50%) and Indiana (40%) — supply dynamics vary enormously across regions, and NWI’s tighter construction pipeline keeps local cut rates well below the state average.

What This Means If You’re Buying in NWI: Reading the Price Cuts by State Data Locally

What This Means If You’re Selling in NWI: The Price Cuts by State Lesson for Listings

To recap the price cuts by state picture for Northwest Indiana in one line: Indiana at 40% on the national Parcl map looks alarming, but Lake County at 20.5% and Porter County at 14.8% on Realtor.com’s county-level data show that NWI is normalizing, not capitulating. Whether you’re buying or selling, the price cuts by state number is a starting point, not the answer — the local cut share and days-on-market in your zip code are where the actual decisions live.

Related Reading on joshpavich.com

Ready to Make Your Move in NWI?

If you’re weighing a move in Northwest Indiana — buying or selling, and you’re trying to figure out what 20% price cuts in Lake County actually mean for your block — I’m happy to walk through it with you. I bring 10 years of HVAC and mechanical contracting experience to every home I look at, and that lens changes what an inspection actually tells you.

Josh Pavich
Licensed Real Estate Agent · Weichert Realtors — Shoreline · NIRA Member

Call (219) 508-8579 Email Josh Get Free Home Valuation →

Frequently Asked Questions About Price Cuts in NWI

Source: U.S. Census Bureau New Residential Sales — “Months of Supply on Lots by Status of Completion,” current to early 2026. Chart visualization by @rventureapp on X (June 2026).

A chart circulating on X this week showed a line going vertical. It’s the U.S. Census Bureau’s “months of supply on lots by status of completion” series, broken out into three lines: houses not yet started, houses under construction, and completed spec homes. The yellow line — homes not yet started — just hit 21.3 months of supply. During the 2008–09 downturn, that same line peaked at 18.1 months. We are now three months above the worst reading of the housing recession.

The headline number is alarming, but the more interesting read is what the other two lines are doing. Completed spec homes are at ~3.9 months — only modestly elevated. Under-construction homes are at ~14.8 months — elevated but not extreme. The bottleneck isn’t builders finishing homes. It’s builders starting them. That distinction matters enormously for anyone buying or selling in Northwest Indiana in 2026.

The Three Lines, Explained

Each line on the chart answers a different question about the new-home pipeline:

What the Three Lines Mean for Buyers

Most coverage will treat this as a single story: “the market is bad.” That’s wrong, and it’s how buyers get steered into bad decisions. Here’s what each line actually signals:

Source: U.S. Census Bureau, “Months of Supply on Lots by Status of Completion,” chart by r:venture APP, current to early 2026. Cross-referenced against the Census May 28, 2026 New Residential Sales release showing 489,000 new homes for sale = 9.4 months of total supply.

What This Means in Northwest Indiana

The national chart is striking, but the local picture tells you whether the abstraction will hit your transaction. Here’s what Indiana and NWI permit data shows right now:

Source: U.S. Census Bureau Building Permits Survey, trailing 12 months through Q1 2026, via PermitFocus. Indiana Q1 2026 total: 4,485 single-family permits (–5% vs. prior quarter). Lake County Q1 2026: 265 permits (down from 301).

Three observations matter for our market:

• NWI is not the state leader. Hamilton County (the wealthy Indy suburb) runs at 2,532 permits per year — nearly 2.5× Lake County’s full-year volume. When buyers in NWI say “I can’t find new construction,” that’s not unique to us. It’s the same constraint showing up locally.
• Lake County is softening quarter-on-quarter. Q1 2026 came in at 265 permits vs. 301 in Q4 2025 — a 12% drop. That mirrors the national picture of gated starts at the front of the pipeline.
• Porter County is small but stable. At 453 trailing-12-month permits and 2.61 permits per 1,000 residents, Porter has the lowest permit intensity of any NWI county. There’s room to grow — and for builders, NWI may become a relative bright spot as the national pipeline throttles.

What Months of Supply Means in 2026

Months of supply is the metric the National Association of Realtors uses to define a balanced housing market: at the current sales pace, how long would it take to absorb the existing inventory? Six months is balanced; below that is a seller’s market; above that is a buyer’s market. The 21.3-month figure we’re seeing today on homes not yet started is not a buyer-seller balance number — it’s a builder-construction-pipeline number — but the read is the same: there are far more lots platted than the current housing market can absorb in a reasonable time. For Northwest Indiana, where Lake County permits fell 12% Q1 2026 and Porter County trails the state at 453 trailing-12-month pulls, months of supply on existing inventory is closer to a 4-month national average. The gap between 21.3 months on pre-construction and 4 months on existing resale is the entire story of 2026.

If you want to track how months of supply shifts month over month in our specific counties, the monthly Porter County, Lake County, and LaPorte County market reports track the local months-supply-of-inventory number directly — a more useful local indicator than the national pre-construction pipeline figure. The national number tells you why builders are stuck; the local months of supply number tells you what it costs you as a buyer or rewards you as a seller.

Why This Matters — The Substituion Effect

When new construction takes 18–24 months from permit to closing, buyers don’t wait — they pivot to existing inventory. That’s the substitution effect, and it’s the most important dynamic in our 2026 market. Three things follow from it:

1. Existing inventory gets pricing power. If a buyer can’t get a new build done in 12 months because permits and labor are choking the front of the pipeline, the resale market becomes the only realistic alternative. Resale pricing in NWI has been notably more resilient than the national new-construction segment in 2025–2026 for exactly this reason.

2. Inspections matter more than ever. A buyer who can’t wait 18 months for a new build is choosing an existing home — which means an HVAC system that’s 12–18 years old, a roof approaching end-of-life, a water heater from 2014. The resale market in 2026 isn’t a market for first-time buyers who don’t want surprises. It’s a market where mechanical-condition literacy separates a good purchase from a $20,000 mistake. (My background as a 10-year HVAC contractor and commercial facilities mechanic is exactly the lens that helps here — I see what other agents walk past.)

3. Sellers of well-maintained homes have leverage. If your home has a 2020 furnace, a 2018 roof, and updated electrical, you’re competing against builders who can’t break ground for 21 months. That’s not a fair fight in your favor — and it’s the read that should change how sellers price and position.

What This Means If You’re Buying or Selling in NWI

Ready to Make Your Move?

Let’s talk through what 21 months of supply actually means for your situation — whether you’re buying, selling, or just trying to read the noise.

Josh Pavich

Realtor with a mechanical contracting lens

If you’re weighing a move in Northwest Indiana — buying, selling, or just trying to figure out what the 21-month headline actually means for your block — I’m happy to walk through it with you. I bring 10 years of HVAC and mechanical contracting experience to every home I look at, and that lens changes what an inspection actually tells you.

Weichert Realtors — Shoreline  •  NIRA Member

Call 219-508-8579 Email Me Get Free Home Valuation

Related Reading on joshpavich.com

If the 21.3-month supply number made you rethink your housing timeline, these other posts on joshpavich.com break down adjacent parts of the 2026 NWI market:

• U.S. Mortgage DTI Record of 40% in 2025: What It Means for Buyers — the debt-to-income data that quietly caps how much house 2026 buyers can afford, regardless of months of supply.
• Home Prices Are Dropping in 2026 — Why That’s Not as Scary as It Sounds — the price-side companion to the supply story; same gating pressure on builders, different read for existing-home sellers.
• First-Time Homebuyer Guide for NWI 2026 — what the throttled new-construction pipeline actually means for first-time buyers in Lake and Porter counties, with the local math.
• Investment Property Guide: Portage & Hobart — how months of supply and rental demand interact in two of NWI’s most active investor submarkets.
• Valparaiso vs Chesterton, Indiana 2026 — head-to-head on inventory, days on market, and price trajectory between the two Porter County anchors.

Frequently Asked Questions: Months of Supply in 2026

This new data, surfaced by Reventure App from Fannie Mae’s National Mortgage Database, shows back-end Debt-to-Income ratios at approximately 40% for new originations — the highest level on record, eclipsing the 38.7% peak of the 2007 housing bubble. This single number tells the story of the entire 2025 housing market: buyers are stretched, sellers are negotiating from weakness, and the affordability math that worked in 2019 no longer applies.

For Northwest Indiana specifically, the new debt-to-income peak matters because local buyers face the same headwinds as the rest of the country, but with regional quirks. Property taxes in Lake, Porter, and LaPorte counties vary dramatically by municipality. Insurance costs along the lakefront have risen faster than inland. And the 6%+ rate environment means sellers can no longer rely on rate buydowns as a magic bullet — buyers qualify at the new ceiling, but few are comfortable living there.

Three Time Points: How Today Compares

The chart tells the story clearly. After the housing crash, DTI ratios fell sharply and stayed relatively contained through the 2010s. But beginning around 2020, the line turned sharply upward — and it hasn’t stopped climbing.

Why the Mortgage DTI Record Matters Now

Why This Mortgage DTI Record Matters

A Debt-to-Income ratio measures how much of a borrower’s monthly income goes toward housing debt. The back-end ratio includes all debt obligations — mortgage, taxes, insurance, car loans, student loans, credit cards. When lenders approve borrowers at 40%+ DTI, it means nearly half of that household’s monthly income is spoken for before groceries, utilities, or savings. For broader context on housing affordability trends, see Realtor.com’s housing market research.

Today’s debt-to-income peak didn’t happen in a vacuum. Three structural forces pushed it there:

• Home prices stayed elevated after the 2022 rate spike. When mortgage rates jumped from 3% to 7% in 18 months, would-be sellers locked in place rather than trade a sub-4% rate for a 7% one. That froze inventory and kept prices sticky, forcing buyers to finance larger and larger sums.
• Wage growth didn’t keep pace with the principal-and-interest jump. A $300k loan at 3% is $1,265/month. The same loan at 7% is $1,996/month — a 58% increase. Average hourly earnings grew roughly 4% annually over the same period, nowhere near enough to offset the rate-driven payment shock.
• Student loan repayments resumed in fall 2023, adding $200-$500/month to many borrowers’ back-end debt loads right as home prices were peaking. For first-time buyers under 35, this was often the final straw that pushed their back-end debt loads into new highs.

Today’s debt-to-income peak is also a forward-looking signal. Lenders aren’t loosening standards out of optimism — they’re loosening because competition for the shrinking pool of qualified buyers has gotten fierce. Fannie Mae’s own research arm has flagged the trend, and the FHFA has signaled increased scrutiny. If the 40% back-end DTI becomes the new normal rather than a temporary peak, expect tighter lending standards to follow within 12-18 months.

Key numbers at a glance:

• 2025 DTI (record high): ~40%
• 2007 housing bubble peak: 38.7%
• 1997 baseline: ~31%
• Source: Fannie Mae National Mortgage Database (NMDB)

The skyrocketing DTI over the last several years is leaving more Americans house poor. And it’s starting to show — foreclosure activity is beginning to tick up nationally.

Why now? Because the existing homeowner population is gradually turning over to today’s 6%+ mortgage rate environment. Borrowers who locked in 3% rates in 2020-2021 are still fine. But new buyers entering the market at higher rates AND higher home prices are carrying a heavier debt load than any cohort in modern history.

What the 2025 Mortgage DTI Record Means for NW Indiana Buyers & Sellers

As Nick Gerli of Reventure App put it: “Watch this DTI metric going forward. As more of the existing homeowner population turns over to 6% rates, we could eventually see more mortgage distress in the market.”

The bottom line? The 2025 housing market is different from 2007 in many ways — tighter lending standards post-crash, more equity in existing homes, less speculative building. But the new highs in debt-to-income ratios are a warning flag that household balance sheets are stretched thin. For NW Indiana buyers and sellers, that means being realistic about what you can afford and how you price your home.

How Local Lenders in NW Indiana Are Responding

Local mortgage brokers across Northwest Indiana are seeing the back-end DTI stress show up in three concrete ways:

• Higher debt-to-income overlays. Many lenders in Porter and Lake counties are now applying a 0.25% to 0.50% rate premium (or rate buy-up) for buyers whose back-end ratios exceed 43%. The mortgage insurance companies have followed with their own overlays on conventional loans above 45% back-end.
• Longer pre-approval validities. Because rate volatility has become the norm, most lenders now lock pre-approvals for 60-90 days instead of the standard 30. This protects the buyer from re-qualifying mid-search if rates drift.
• Rising use of buydowns. Seller-paid 2-1 and 3-2-1 temporary buydowns are now standard on listings in the $300k-$500k range across Hobart, Valparaiso, and Portage. Sellers absorb the cost because the alternative is watching qualified buyers walk away when their payment shock calc exceeds $400/month.

For first-time buyers in particular, the back-end debt stress is now the binding constraint, not the down payment. FHA loans with the new 40-year term option, conventional 97% LTV programs, and local down-payment assistance through the Indiana Housing & Community Development Authority are all worth exploring. A local lender who actually understands NW Indiana property tax variability can save a buyer several hundred dollars a year over a national call-center lender.

Lennar, the largest U.S. homebuilder, just reported its average selling price dropped to $371,000 in Q2 2026 — the first quarter below the pre-pandemic $389,000 baseline since 2021. That’s a 25% drop off the $491,000 peak reached in mid-2023, and it confirms what local buyers and sellers across NW Indiana have been feeling in real time: the housing market is correcting, not crashing.

This post walks through the data straight from Lennar’s June 12, 2026 Form 8-K filing with the SEC. No spin, no forecasts — just what the numbers say and what they mean for anyone buying or selling a home in Porter County, Lake County, or the broader NW Indiana region right now.

Q2 2026 Key Metrics

Lennar Price Trajectory: 4 Quarters of Decline

Here’s the exact price sequence from the SEC filing. The numbers tell the story without needing interpretation:

Pre-pandemic baseline = Q2 2019 ASP of $389,000. Q2 2026 is the first quarter below this level since 2021, sitting $18,000 (4.6%) under baseline and $120,000 (24.4%) off the peak.

Structural Pressure: Margins & Incentives

The price drop isn’t happening in a vacuum. Lennar is also seeing margins compress and incentive spending balloon — two signals that builders are working harder to move the same product.

Sales incentives hit 12.9% of ASP in Q2 2026, up from 9.8% in Q4 2025. The “normal” historical range is 4-6%. That means roughly $48 out of every $371,000 sale price is now coming back to the buyer as rate buy-downs, closing cost credits, or upgrades — not equity for the builder.

Gross margins fell to 15.6% from 17.8% a year ago (−2.2 percentage points). The company is still profitable — this isn’t a distressed sale situation — but the cushion is thinning. Lennar’s own Q3 2026 guidance projects ASP between $375,000 and $380,000, suggesting prices may fall a bit further before stabilizing.

Lennar Operational Snapshot

Lennar vs. NW Indiana Median Price

Lennar is a national builder; the $371k ASP is below the NW Indiana median for the same period. For local context, see our Porter County Real Estate Market May 2026 and Lake County Real Estate Market May 2026 reports.

Why Lennar Matters to NW Indiana

Lennar delivers 80,000+ homes per year across 30 states, including active subdivisions in NW Indiana. Two structural facts make their pricing a leading indicator:

• New-home pricing leads existing-home pricing by 6-12 months. When builders cut prices, existing-home sellers eventually follow — or their homes sit.
• Lennar sets the comp. Local appraisers use new-construction sales as the ceiling for resale valuations in many subdivisions. Lower builder comps pull down assessed values.

In Lennar’s own words from the SEC filing: the price correction reflects “continued weakness in the market” and “the mismatch between higher home prices with higher interest rates and household income.” Translation: homes became too expensive for what buyers can afford at current rates.

What This Means for NW Indiana Buyers & Sellers

Official Source: Lennar Q2 2026 SEC Filing

Source: Lennar Corporation Form 8-K filed with the U.S. Securities and Exchange Commission on June 12, 2026. Financial metrics reflect Q2 2026 (quarter ended May 31, 2026). Q3 2026 ASP guidance is company-disclosed forward-looking statement.

The Porter County real estate market in May 2026 is showing balanced activity. New listings moved +10.2%, inventory sits at 371 homes, and the median sale price is $335,500 (+4.9% YoY). With 2.2 months of supply, Porter County remains a seller’s market. Here’s the full picture.

📊 May 2026 Key Metrics

📈 Porter County Market Analysis

Porter County is part of the Northwest Indiana real estate landscape. At a $335,500 median sale price, the market gives buyers and sellers a clear data-driven picture. The 9 metrics below tell the full story.

The headline this month is inventory: total homes for sale climbed +5.7% to 371 (from 351 a year ago). New listings moved +10.2% (now 302). Porter County remains a seller’s market at 2.2 months of supply (3.0 is the standard balanced-market benchmark).

Demand is strong: closed sales rose +11.2% to 198, and pending sales rose +10.4% to 212. Days on market decreased from 48 to 39 — homes are moving faster than a year ago.

Prices moved up: the median climbed +4.9% to $335,500, while the average moved +2.3% to $378,931. Sellers received 96.5% of list price, up from 95.3%.

📊 Price Comparison: Porter County vs. NW Indiana Towns

Median sale prices for May 2026.

🏠 What This Means for Buyers & Sellers

📋 Official MLS Data: Porter County — May 2026

The following data comes directly from the NIRA MLS FastStats report for Porter County, comparing May 2025 vs. May 2026.

Key takeaways: The Porter County real estate market in May 2026 shows a +4.9% median price move to $335,500 with +5.7% inventory change to 371 homes and 2.2 months of supply. At a $335,500 median, Porter County remains a strong seller’s market in NW Indiana.

The LaPorte County real estate market is expanding in May 2026. New listings climbed +13.8% and total inventory rose +12.0% to 234 homes, giving buyers more choices than they’ve had in months. Prices moved +18.9% to a $267,500 median, and the market remains a seller’s market at 2.7 months of supply. Here’s the full picture.

📊 May 2026 Key Metrics

📈 LaPorte County Market Analysis

LaPorte County is part of the Northwest Indiana real estate landscape. At a $267,500 median sale price, the market gives buyers and sellers a clear data-driven picture. The 9 metrics below tell the full story.

The headline this month is inventory: total homes for sale climbed +12.0% to 234 (from 209 a year ago). New listings moved +13.8% (now 148). LaPorte County remains a seller’s market at 2.7 months of supply (3.0 is the standard balanced-market benchmark).

Demand is strong: closed sales rose +19.5% to 104, and pending sales rose +1.0% to 100. Days on market increased from 37 to 39 — homes are taking longer than a year ago.

Prices moved up: the median climbed +18.9% to $267,500, while the average moved +39.7% to $350,352. Sellers received 95.4% of list price, down from 95.7%.

📊 Price Comparison: LaPorte County vs. NW Indiana Towns

Median sale prices for May 2026.

🏠 What This Means for Buyers & Sellers

📋 Official MLS Data: LaPorte County — May 2026

The following data comes directly from the NIRA MLS FastStats report for LaPorte County, comparing May 2025 vs. May 2026.

Key takeaways: The LaPorte County real estate market in May 2026 shows a +18.9% median price move to $267,500 with +12.0% inventory change to 234 homes and 2.7 months of supply. At a $267,500 median, LaPorte County remains a strong seller’s market in NW Indiana.

The Valparaiso real estate market in May 2026 is showing balanced activity. New listings moved -9.5%, inventory sits at 79 homes, and the median sale price is $363,250 (+9.7% YoY). With 2.5 months of supply, Valparaiso remains a seller’s market. Here’s the full picture.

📊 May 2026 Key Metrics

📈 Valparaiso Market Analysis

Valparaiso is part of the Northwest Indiana real estate landscape. At a $363,250 median sale price, the market gives buyers and sellers a clear data-driven picture. The 9 metrics below tell the full story.

The headline this month is inventory: total homes for sale climbed +11.3% to 79 (from 71 a year ago). New listings moved -9.5% (now 57). Valparaiso remains a seller’s market at 2.5 months of supply (3.0 is the standard balanced-market benchmark).

Demand is soft: closed sales fell -7.7% to 36, and pending sales fell -12.5% to 42. Days on market increased from 36 to 37 — homes are taking longer than a year ago.

Prices moved up: the median climbed +9.7% to $363,250, while the average moved +15.3% to $399,656. Sellers received 98.3% of list price, up from 96.1%.

Valparaiso vs. Porter County

For the full Porter County breakdown, see our Porter County Real Estate Market Update – May 2026.

📊 Price Comparison: Valparaiso vs. NW Indiana Towns

Median sale prices for May 2026.

🏠 What This Means for Buyers & Sellers

📋 Official MLS Data: Valparaiso — May 2026

The following data comes directly from the NIRA MLS FastStats report for Valparaiso, comparing May 2025 vs. May 2026.

Key takeaways: The Valparaiso real estate market in May 2026 shows a +9.7% median price move to $363,250 with +11.3% inventory change to 79 homes and 2.5 months of supply. At a $363,250 median, Valparaiso remains a strong seller’s market in NW Indiana.

The Portage real estate market is expanding in May 2026. New listings climbed +63.6% and total inventory rose +34.1% to 55 homes, giving buyers more choices than they’ve had in months. Prices moved +8.1% to a $293,000 median, and the market remains a seller’s market at 1.7 months of supply. Here’s the full picture.

📊 May 2026 Key Metrics

📈 Portage Market Analysis

Portage is part of the Northwest Indiana real estate landscape. At a $293,000 median sale price, the market gives buyers and sellers a clear data-driven picture. The 9 metrics below tell the full story.

The headline this month is inventory: total homes for sale climbed +34.1% to 55 (from 41 a year ago). New listings moved +63.6% (now 54). Portage remains a seller’s market at 1.7 months of supply (3.0 is the standard balanced-market benchmark).

Demand is soft: closed sales fell -10.2% to 44, and pending sales rose +42.9% to 40. Days on market decreased from 64 to 35 — homes are moving faster than a year ago.

Prices moved up: the median climbed +8.1% to $293,000, while the average moved +2.1% to $302,520. Sellers received 98.9% of list price, up from 95.5%.

Portage vs. Porter County

For the full Porter County breakdown, see our Porter County Real Estate Market Update – May 2026.

📊 Price Comparison: Portage vs. NW Indiana Towns

Median sale prices for May 2026.

🏠 What This Means for Buyers & Sellers

📋 Official MLS Data: Portage — May 2026

The following data comes directly from the NIRA MLS FastStats report for Portage, comparing May 2025 vs. May 2026.

Key takeaways: The Portage real estate market in May 2026 shows a +8.1% median price move to $293,000 with +34.1% inventory change to 55 homes and 1.7 months of supply. At a $293,000 median, Portage remains a strong seller’s market in NW Indiana.