Fort Wayne, Indiana (January 15, 2025)—Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its December 2024 local housing market report. Comparing last month’s figures to the same timeframe in 2023, the leading market indicators are as follows:
- New Listings increased 0.6 percent to 486.
- Pending Sales were down 6.3 percent to 444
- Closed sales were up 7.7 percent to 584
- Inventory levels grew 19.4 percent to 1,261 units.
- Percent of Original List Price Received decreased 0.5 percent to 95.5
- Months Supply of Inventory was up 11.8 percent to 1.9 months.
“Despite interest rates still hovering around 7 percent, the market continues to thrive with Pending and Closed Sales reporting upward metrics,” said Michael Patmore, 2025 UPSTAR MLS President. “The slight dip in New Listings in December speaks to the seasonal nature of the real estate market.”
The data from the December 2024 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2022 and 2023. 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.
