The number of closed home sales last month in several northeast Indiana counties fell more than 17 percent. The Upstate Alliance of Realtors is also reporting a decline in the median sales price, compared to the same month a year earlier. The organization includes Allen, Whitely, Huntington, Adams, Wells, DeKalb and Noble counties. May 22, 2014

News ReleaseFort Wayne, Indiana (May 22, 2014)—Today, Upstate Alliance of REALTORS® released its April 2014 local housing market report. Comparing last month’s figures to the same timeframe last year, the leading market indicators are as follows:

-New Listings decreased 1.1 percent to 1,163.

-Pending Sales were up 0.8 percent to 758.

-Closed Sales decreased 17.4 percent to 522.

-Inventory levels grew 1.5 percent to 3,164 units.

-The Median Sales Price decreased 3.6 percent to $105,000.

-Percent of Original List Price Received decreased 0.3 percent to 92.7.

-Months Supply of Inventory remained flat at 5.3 months.

The data from the April 2014 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2012 and 2013. To view the full Market report and the 2014 1st Quarter Foreclosure Report as well as other housing statistics and archives, visit http://www.UpstarIndiana.com/MarketData. 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.

The Upstate Alliance of REALTORS® Multiple Listing Service Inc., a subsidiary of Upstate Alliance of REALTORS®, serves area real estate professionals and the community by providing up-to-date listings of area homes for sale. The statistics are based on Residential Single Family listings and sales as reported to the Indiana Regional Multiple Listing Service (IRMLS), which may not reflect all real estate activity in the market. The primary coverage area of the UPSTAR MLS includes Allen, Whitley, Huntington, Adams, Wells, DeKalb, and Noble Counties, however listings from other surrounding counties may also be entered in the UPSTAR MLS and therefore are included in the MLS-wide statistics. UPSTAR MLS is a local multiple listing service participating in the Indiana Regional MLS.

Source: Upstate Alliance of REALTORS

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