Today, the Upstate Alliance of REALTORS® Multiple Listing Service (UPSTAR MLS) released its November 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 decreased 8.6 percent to 646.
- Pending Sales were up 5.8 percent to 636.
- Closed Sales increased 6.9 percent to 741.
- Median Sales Price increased 11.1 percent to $172,250.
- Percent of Original List Price Received increased 2.8 percent to 98.6.
- Months Supply of Inventory was down 52.6 percent to 0.9 months.
“Each month we see inventory shrinking creating a greater challenge for our real estate market and the public,” said Renee Cox UPSTAR 2020 President. “We are currently at less than a month’s supply, a new historic low for our area. November represents our foreseeable future. Sales prices continue to rise yet we remain affordable when compared to similar communities around the nation.”
The data from the November 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 third quarter 2020 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.
