Know what the Indy housing market did this week. In 3 minutes.
Every Monday: this week's mortgage rate turned into a real monthly payment, local prices and days on market from the MIBOR BLC, and a straight answer on what I'd do about it.
Wes Johnston, REALTOR® · Trueblood Real Estate
Built custom homes for nearly 10 years before selling them. I read every number before it goes out.
Weekly Real Estate Report · Oct 19, 2026
Rates: 7.40% again, the highest since November 2023. On a $350,000 loan, that's about $264 a month more than at last year's rate.
Locally: single-family median price $320,000, up 1.3% from a year ago. The median home took 27 days to sell, up from 20.
Bottom line: Buyers, you have room to negotiate. Ask for seller credits or a rate buydown instead of waiting on rates.
From an actual issue. Freddie Mac PMMS and MIBOR BLC figures, as published week of Oct 12, 2026.
Reply with any address. I'll run the real numbers.
Every subscriber gets this. Your house, or one you've been watching. I'll tell you what a payment looks like at this week's rate, or what your home would need to be priced at to sell.
No charge. No obligation. Asking doesn't put you on a call list.
An example of how a reply works, not a real client exchange. The payment is the standard 30-year fixed formula on a $373,500 loan at 7.40%.
Read last week's issue
The issue for the week of October 12–18, 2026. Trimmed for length here. The numbers are exactly as sent.
Rates held at 7.40% this week, but a hot inflation report says they may not stay there.
Rates: 7.40% again, the highest since November 2023. Freddie Mac's weekly survey put the 30-year fixed at 7.40% on Thursday, unchanged from the week before. On a $350,000 loan, principal and interest is about $2,423 a month, roughly $264 more than at last year's rate.
Inflation: September CPI came in hot. Prices rose 3.7% from a year ago, up from 3.4% in August. Gasoline made up more than half of the monthly jump.
Redfin: asking prices fell for the first time since March. The median asking price was $396,881, down 0.3% from a year ago, and 22% of listings had a price cut.
Locally: September's MIBOR numbers are still the latest. Single-family median price $320,000, up 1.3% from a year ago. The median home took 27 days to sell, up from 20. Active inventory was 7,405 homes, a 2.9-month supply.
If you want to see what a 7.40% payment looks like on a house you've been watching, reply to this and I'll run the real numbers.
Sources: Freddie Mac PMMS, BLS CPI, Redfin, NAR, MIBOR BLC. Figures as published the week of Oct 12, 2026.
Skim it in one minute or read it in three
Rates, in dollars
What this week's rate does to an actual monthly payment, compared with a year ago.
The national picture
Inflation, the Fed, Redfin and NAR, each boiled down to the one or two numbers that matter.
Central Indiana numbers
Median price, days on market and inventory from MIBOR. If there's no new local data that week, I say so.
The bottom line
What I'd do this week if I were buying, selling, or sitting on a house with equity.
It's worth three minutes if any of these sound like you
I'm Wes Johnston. I built houses before I sold them.
I spent nearly ten years designing and building custom homes in Indianapolis. Today I'm a REALTOR® and a founding broker of Trueblood Real Estate in Fishers. I still look at a market the way a builder does: what things actually cost, and what they're actually worth.
I put this report together every week and read every word before it goes out. Every number has a source and a date. When nothing changed locally, I tell you that instead of filling space.
Straight answers are kind of the whole point
“Wes is the kind of agent you hope to be able to work with – experienced, honest, kind, communicative, and forthcoming.”
“Wes Johnston is honest, professional, confident, and attentive. For example, Wes gave us an accurate appraisal of the value of our property.”
“He walked us through everything and made sure we understood all of our options.”
Quoted word for word from Zillow reviews about working with Wes. All 14 of his Zillow reviews (2019–2026) are five stars. Read all the reviews
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