April Residential Highlights:
There were 176 new listings in April 2020, a 21.4% decrease from April 2019 (224), and a 5.4% decrease from March 2020 (186). Pending sales (148) decreased 20.9% from April 2019 (187), and increased 4.2% from March 2020 when 142 offers were accepted. Closed sales (113) decreased 14.4% from April 2019 (132) and fell 12.4% from the 129 closings recorded in March 2020.
Inventory and Time on Market:
Inventory in April rose to 3.9 months, with total market time decreasing to 90 days.
Year to Date Summary:
Comparing the first four months of 2020 to the same period in 2019, new listings (692) decreased 2.5%, pending sales (560) decreased 3.3% and closed sales (480) increased 3.4%.
Average and Median Sales Prices:
Comparing 2020 to 2019 through April, the average sale price has increased 4.3% from $232,400 to $242,500. In the same comparison, the median sale price increased 5.5% from $210,000 to $221,500.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
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*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.