UPSTAR MLS Releases July Housing Market Report

August 22, 2019

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its July 2019 local housing market report. Comparing last month’s figures to the same timeframe in 2018, the leading market indicators are as follows:

  • New Listings decreased 1.8 percent to 1,047.
  • Pending Sales were down 1.1 percent to 815.
  • Closed Sales increased 2.5 percent to 862.
  • Inventory levels shrank 12.4 percent to 1,266 units.
  • The Median Sales Price increased 6.6 percent to $159,900.
  • Percent of Original List Price Received decreased 0.1 percent to 97.5.
  • Months Supply of Inventory was down 14.3 percent to 1.8 months.

“Since November 2014, we have not seen a decrease in the Median Sales Price when compared to the previous year,” said Mary Mauger, 2019 UPSTAR MLS President. “The low inventory and strong buyer demand are driving prices up; yet our region remains one of the most affordable places to live. Fort Wayne’s distinction as the #1 hottest real estate market in July is well deserved.”

The data from the July 2019 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2017 and 2018. To view the full Market report as well as the second quarter 2019 Foreclosure Report and other housing statistics and archives, visit http://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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