Fort Wayne, Indiana (July 18, 2023)—Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its June 2023 local housing market report. Comparing last month’s figures to the same timeframe in 2022, the leading market indicators are as follows:
- New Listings decreased 16.1 percent to 919.
- Pending Sales were down 13.3 percent to 739.
- Closed Sales decreased 11.8 percent to 750.
- Inventory levels grew 13.2 percent to 950 units.
- The Median Sales Price increased 5.9 percent to $235,000.
- Percent of Original List Price Received decreased 1.7 percent to 99.2 percent.
- Months Supply of Inventory was up 36.4 percent to 1.5 months.
“While the combination of higher borrowing costs and low inventory has the summer market a little cooler than usual,” said UPSTAR MLS 2023 President Joel Essex, “the 36 percent rise in the Months Supply of Inventory is an encouraging move in the right direction.”
The data from the June 2023 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2021 and 2022. To view the full Market report and other housing statistics and archives, visit https://www.upstarindiana.com/pages/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.
