UPSTAR MLS Releases August Housing Market Report

September 20, 2019

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its August 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 increased 6.8 percent to 1,090.
  • Pending Sales were up 4.3 percent to 846.
  • Closed Sales decreased 7.7 percent to 832.
  • Inventory levels shrank 8.4 percent to 1,372 units.
  • The Median Sales Price increased 10.3 percent to $160,000.
  • Percent of Original List Price Received decreased 0.4 percent to 96.5.
  • Months Supply of Inventory was down 9.5 percent to 1.9 months.

2019 UPSTAR MLS President Mary Mauger said, “While buyers might find themselves in a more competitive process due to low inventory levels and rising prices, northeastern Indiana remains one of the best places to find a home and settle down because of its affordability and growing economic development.”

The data from the August 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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