UPSTAR MLS Releases December Housing Market Report

January 22, 2016

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its December 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 2.4 percent to 491.
  • Pending Sales were up 9.0 percent to 422.
  • Closed Sales decreased 6.3 percent to 531.
  • Inventory levels shrank 17.7 percent to 2,080 units.
  • The Median Sales Price increased 2.7 percent to $115,000.
  • Percent of Original List Price Received remained flat at 93.5.
  • Months Supply of Inventory was down 26.2 percent to 3.1 months.

“2015 was a strong year for real estate sales despite low inventory,” said Dave Mervar, 2016 UPSTAR MLS President. “Currently, monthly stats reflect the time of season we are in and reflect current consumer outlook on the economy. 2016 looks as promising as 2015 if consumer confidence continues to build as it has.”

The data from the December 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 fourth quarter 2015 Foreclosure Report and other housing statistics and archives, visit 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.

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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