September Residential Highlights:
New listings (172) increased 10.3% from the 156 listed in September 2019, and decreased 10.4% from the 192 listed in August 2020. Pending sales (177) increased 22.1% from the 145 offers accepted in September 2019, and decreased 19.9% from the 221 offers accepted in August 2020. Closed sales (168) increased 17.5% from the 143 closings in September 2019, and decreased 7.2% from the 181 closings in August 2020.
Inventory and Time on Market:
Inventory increased to 1.6 months in September. Total market time decreased to 63 days.
Year to Date Summary:
Comparing the first nine months of 2020 to the same period in 2019, new listings (1,654) decreased 9.5%, pending sales (1,501) increased 8.2%, and closed sales (1,324) increased 3.4%.
Average and Median Sales Prices:
Comparing 2020 to 2019 through September, the average sale price has increased 8.7% from $240,100 to $261,100. In the same comparison, the median sale price has increased 6.9% from $224,500 to $239,900.
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!
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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.