UPSTAR - Upstate Alliance of REALTORS®

Upstate Alliance of REALTORS^® MLS Releases January 2012 Housing Market Report

February 21, 2012

The January market report shows 2012 off to a strong start with home sales continuing to rise. The market indicators in other areas also showed improvement last month.

• New Listings increased 2.5 percent to 885.
• Pending Sales were up 12.3 percent to 429.
• Inventory levels shrank 1.5 percent to 3,513 units.
• The Median Sales Price declined a slight 0.6 percent to $83,500.
• Percent of Original List Price Received increased 0.6 percent to 93.0.

“REALTOR^® members in our area have been busy the last few months, during a season that typically shows fewer transactions,” said Tug Pierson, 2012 UPSTAR MLS President. “That activity is a good sign that confidence levels of buyers & sellers are growing. We remain cautiously optimistic about the 2012 market; greater improvements in labor will be the best catalyst for a strong and lasting housing recovery.”

The attached data from the January 2012 Monthly Indicators report tells consumers how the northeastern Indiana housing market is performing according to nine different indicators with comparisons to 2010 and 2011. To view the full report as well as other housing market reports and archives, visit http://www.UpstarIndiana.com/MarketData. This Web page also includes a quarterly Foreclosure Report and 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 statistical data is from a database hosted by the Indiana Association of REALTORS. It may contain content from sources other than UPSTAR MLS and may not reflect all real estate activity in the market. The information is based on residential property sales from the Indiana counties of Adams, Allen, DeKalb, Huntington, Noble, Wells and Whitley.