August Residential Highlights:
New listings (192) decreased 19.3% from the 238 listed in August 2019, and decreased 8.1% from the 209 listed in July 2020. Pending sales (221) increased 14.5% from the 193 offers accepted in August 2019, and decreased 2.6% from the 227 offers accepted in July 2020. Closed sales (181) decreased 8.1% from the 197 closings in August 2019, and increased 8.4% from the 167 closings in July 2020.
Inventory and Time on Market:
Inventory decreased to 1.5 months in August. Total market time decreased to 74 days.
Year to Date Summary:
Comparing the first eight months of 2020 to the same period in 2019, new listings (1,476) decreased 11.5%, pending sales (1,341) increased 6.1%, and closed sales (1,149) increased 1.3%.
Average and Median Sales Prices:
Comparing 2020 to 2019 through August, the average sale price has increased 7.3% from $238,300 to $255,800. In the same comparison, the median sale price has increased 6.6% from $220,500 to $235,000.
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.