Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its February 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 decreased 20.7 percent to 512
- Pending Sales were down 20.9 percent to 514.
- Closed Sales decreased 12.4 percent to 480.
- Inventory levels shrank 52.0 percent to 463 units.
- The Median Sales Price increased 14.6 percent to $172,950
- Percent of Original List Price Received increased 2.5 percent to 97.9.
- Months Supply of Inventory was down 53.8 percent to 0.6 months.
“As we head into the spring, more listings are urgently needed to accommodate the demand of people looking to buy a home,” said UPSTAR President Adam Smith. “While the February Market Report still reflects the winter selling season, we are looking ahead to next month to evaluate the pace of sales compared to a more robust selling season in the spring of 2020.”
The data from the February 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 as well as the fourth quarter 2020 Foreclosure 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.
