Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its April 2021 local housing market report. Comparing last month’s figures to the same timeframe in 2020, the leading market indicators are as follows:
- New Listings increased 15.0 percent to 866.
- Pending Sales were up 14.6 percent to 816.
- Closed Sales increased 12.9 percent to 692.
- Inventory levels shrank 57.9 percent to 417 units.
- The Median Sales Price increased 14.6 percent to $179,700.
- Percent of Original List Price Received increased 3.1 percent to 100.2
- Months Supply of Inventory was down 64.3 percent to 0.5 months.
“All the metrics involving potential and final sales are up in April compared to last year,” said UPSTAR 2021 President Adam Smith. “This is somewhat encouraging even though this market is remarkably different than ones we have seen in the past. Many agents are extremely busy, even with the low inventory. I’m looking forward to seeing how the summer selling season shapes up in our market.”
The data from the April 2021 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2019 and 2020. 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.
