July Residential Highlights:
New listings (209) decreased 10.7% from the 234 listed in July 2019, and increased 8.3% from the 193 listed in June 2020. Pending sales (227) increased 24.0% from the 183 offers accepted in July 2019, and increased 9.1% from the 208 offers accepted in June 2020. Closed sales (167) decreased 5.6% from the 177 closings in July 2019, and decreased 7.2% from the 180 closings in June 2020.
Inventory and Time on Market:
Inventory decreased to 1.9 months in July. Total market time decreased to 78 days.
Year to Date Summary:
Comparing the first seven months of 2020 to the same period in 2019, new listings (1,283) decreased 9.8%, pending sales (1,141) increased 5.2%, and closed sales (960) increased 2.7%.
Average and Median Sales Prices:
Comparing 2020 to 2019 through July, the average sale price has increased 4.3% from $237,800 to $248,000. In the same comparison, the median sale price has increased 5.9% from $220,000 to $233,000.
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.