May Residential Highlights:
New listings (193) decreased 4.9% from the 203 listed in June 2019, and increased 10.9% from the 174 listed in May 2020. Pending sales (208) increased 8.3% from the 192 offers accepted in June 2019, and increased 8.3% from the 192 offers accepted in May 2020. Closed sales (180) increased 25.9% from the 143 closings in June 2019, and increased 40.6% from the 128 closings in May 2020.
Inventory and Time on Market:
Inventory decreased to 2.0 months in June. Total market time increased to 82 days.
Year to Date Summary:
Comparing the first six months of 2020 to the same period in 2019, new listings (1,065) decreased 10.1%, pending sales (930) increased 1.2%, and closed sales (790) increased 4.4%.
Average and Median Sales Prices:
Comparing 2020 to 2019 through June, the average sale price has increased 4.1% from $234,500 to $244,100. In the same comparison, the median sale price has increased 6.5% from $215,000 to $229,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
CLICK HERE TO VIEW THE REPORT!
*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.