10/12/2026
Fort Wayne homes went under contract in a median of 15 days last month while mortgage rates hit 7.4 percent. Both of those things are true at once.
UPSTAR's September numbers for northeast Indiana came out this week. Closed sales came in at 698, down 2 percent from a year ago. The median sale price rose 7 percent to $265,000. Homes went under contract in a median of 15 days, 21 percent faster than last September. At the same time, Freddie Mac put the 30-year fixed rate at 7.40 percent, the seventh straight weekly increase and a level last seen in November 2023.
The number I would watch is pending sales. They fell 25 percent from August against a normal seasonal drop of about 10 percent, and UPSTAR flagged that closings could slow in the coming months.
My read as a broker in this market is simple. Buyers have not left, but they have become selective. A well-priced home still draws offers in two weeks. An overpriced one will sit while the rate conversation does the negotiating for the buyer.
