Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its July 2019 local housing market report. Comparing last month’s figures to the same timeframe in 2018, the leading market indicators are as follows:
- New Listings decreased 1.8 percent to 1,047.
- Pending Sales were down 1.1 percent to 815.
- Closed Sales increased 2.5 percent to 862.
- Inventory levels shrank 12.4 percent to 1,266 units.
- The Median Sales Price increased 6.6 percent to $159,900.
- Percent of Original List Price Received decreased 0.1 percent to 97.5.
- Months Supply of Inventory was down 14.3 percent to 1.8 months.
“Since November 2014, we have not seen a decrease in the Median Sales Price when compared to the previous year,” said Mary Mauger, 2019 UPSTAR MLS President. “The low inventory and strong buyer demand are driving prices up; yet our region remains one of the most affordable places to live. Fort Wayne’s distinction as the #1 hottest real estate market in July is well deserved.”
The data from the July 2019 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2017 and 2018. To view the full Market report as well as the second 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.
