UPSTAR MLS Releases January Housing Market Report

February 19, 2020

Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its January 2020 local housing market report. While January is typically a slower time for home buying and selling—not so this season. All leading market indicators are up compared to this time last year, which supports Fort Wayne’s #1 ranking on Realtor.com’s hottest market list for the seventh consecutive month. Comparing last month’s figures to the same timeframe in 2019, the leading market indicators are as follows:

  • New Listings increased 11.7 percent to 698.
  • Pending Sales were up 5.0 percent to 630.
  • Closed Sales increased 9.5 percent to 449.
  • The Median Sales Price increased 10.6 percent to $144,900.
  • Percent of Original List Price Received increased 1.6 percent to 95.4.

“We have several factors pushing these numbers,” said Renee Cox, UPSTAR 2020 President. “Fort Wayne’s strong economy influences much of this growth, with its low cost of living, local healthcare, great schools, entertainment and location! Our region’s affordability gives buyers greater opportunity to live comfortably, build wealth and enjoy a satisfying lifestyle.”

The data from the January 2020 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2018 and 2019. To view the full Market report as well as the fourth 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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