UPSTAR MLS Releases May Housing Market Report

June 18, 2018

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its May 2018 local housing market report. Comparing last month’s figures to the same timeframe in 2017, the leading market indicators are as follows:

  • New Listings increased 10.0 percent to 1,148.
  • Pending Sales were up 2.3 percent to 894.
  • Closed Sales decreased 8.9 percent to 789.
  • Inventory levels shrank 17.8 percent to 1,226 units.
  • The Median Sales Price increased 8.7 percent to $147,000.
  • Percent of Original List Price Received increased 1.2 percent to 97.9.

“The intensity of buyer demand is unlike anything we’ve seen in recent history, said Kim Ward, 2018 UPSTAR MLS President. “Now that we’re in the spring selling season, I’m glad to see that new listings have increased to help accommodate the demand and competition for desirable homes.”

The data from the May 2018 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2016 and 2017. To view the full Market report as well as the first quarter 2018 Foreclosure Report and other housing statistics and archives, visit upstarindiana.com/housing-market-stats. 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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