State of area housing market to unfold with spring

East Allen Times:

FORT WAYNE - January home sales in the Fort Wayne area increased slightly compared to the same month last year, despite what is traditionally considered annually to be the slowest month.

Median sale prices declined after showing gains for the last three months. New listings decreased 15.4 percent and pending sales decreased 15.7 percent.

“The increase in closed sales, especially during the month of December, is a positive sign for the local housing market,” UPSTAR MLS President Jim Torres said in a statement. “As we approach spring, we will begin to see how the housing market recovery will unfold as consumers prepare for the buying and selling season.”....