Fort Wayne, Indiana (April 21, 2022)—Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its March 2022 local housing market report. Comparing last month’s figures to the same timeframe in 2021, the leading market indicators are as follows:
- New Listings increased 3.1 percent to 795.
- Pending Sales were down 4.5 percent to 725.
- Closed Sales increased 5.3 percent to 656.
- Inventory levels grew 4.6 percent to 453 units.
- The Median Sales Price increased 15.8 percent to $202,700.
- Percent of Original List Price Received increased 1.0 percent to 100.4
- Months Supply of Inventory remained flat at 0.6 months.
“Despite low inventory, March home sales reached the second-highest level since 2012 in our area, said UPSTAR MLS 2022 President Adam Smith. “While fierce competition among buyers has contributed to rising prices, which is good for sellers, it remains challenging for first-time homebuyers who may not have the savings or equity in an existing home to compete.”
The data from the March 2022 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2020 and 2021. 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.
