UPSTAR MLS Releases September Housing Market Report

October 20, 2015

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its September 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 11.3 percent to 819.
  • Pending Sales were up 4.6 percent to 640
  • Closed Sales increased 7.5 percent to 702.
  • Inventory levels shrank 22.2 percent to 2,490 units.
  • The Median Sales Price increased 4.0 percent to $120,000.
  • Percent of Original List Price Received increased 1.3 percent to 94.5.
  • Months Supply of Inventory was down 29.6 percent to 3.8 months.

“Demand continues to outstrip the inventory available,” said Dave Mervar, 2015 UPSTAR President. “Low interest rates and good economic conditions continue to thrive in Allen County. Many are taking the opportunity to buy now before the economy slows down and interest rates start to creep back up.”

The data from the September 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 third 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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