UPSTAR MLS Releases June Housing Market Report

July 16, 2015

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its June 2015 local housing market report. Comparing last month’s figures to the same timeframe in 2014, the leading market indicators are as follows:

• New Listings decreased 4.8 percent to 1,042.
• Pending Sales were up 8.1 percent to 812.
• Closed Sales increased 4.8 percent to 803.
• Inventory levels shrank 21.5 percent to 2,492 units.
• The Median Sales Price increased 7.9 percent to $124,900.
• Percent of Original List Price Received increased 0.2 percent to 94.9.
• Months Supply of Inventory was down 29.6 percent to 3.8 months.

“Market still appears strong for sellers with serious buyers gobbling up the inventory,” said David Mervar, 2015 UPSTAR President. “Historically low interest rates continue to help the real estate market thrive while bank repo properties continue to dwindle. If anytime was a good time to sell or buy a home, it is now.”

The data from the June 2015 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2013 and 2014. To view the full Market report as well as the second quarter Foreclosure Report and other housing statistics and archives, visit http://www.UpstarIndiana.com/MarketData. This Web page also includes market reports broken down by county in the UPSTAR MLS primary coverage area, which includes the counties of Adams, Allen, DeKalb, Huntington, Noble, Wells and Whitley.

ABOUT UPSTAR MLS
The Upstate Alliance of REALTORS® Multiple Listing Service Inc., a subsidiary of Upstate Alliance of REALTORS®, serves area real estate professionals and the community by providing up-to-date listings of area homes for sale. The statistics are based on Residential Single Family listings and sales as reported to the Indiana Regional Multiple Listing Service (IRMLS), which may not reflect all real estate activity in the market. The primary coverage area of the UPSTAR MLS includes Allen, Whitley, Huntington, Adams, Wells, DeKalb, and Noble Counties, however listings from other surrounding counties may also be entered in the UPSTAR MLS and therefore are included in the MLS-wide statistics. UPSTAR MLS is a local multiple listing service participating in the Indiana Regional MLS.


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