Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its December 2020 local housing market report. Comparing last month’s figures to the same timeframe in 2019, the leading market indicators are as follows:
- New Listings increased 1.6 percent to 454.
- Pending Sales were up 4.0 percent to 494.
- Closed Sales increased 6.9 percent to 741.
- Inventory levels shrank 51.6 percent to 575 units.
- Median Sales Price increased 11 percent to $166,500.
- Percent of Original List Price Received increased 3.3 percent to 98.3.
- Months Supply of Inventory was down 56.3 percent to 0.7 months.
“We continue to have strong buyer demand for available homes,” said UPSTAR 2021 President Adam Smith. “We are hoping for an increase in sellers this year to balance the market. Until we see a greater inventory in homes for sale, the median sales price will continue to rise. It’s supply and demand.”
The data from the December 2020 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2018 and 2019. 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.
