Sales Volume
Sales volumes increased in three quarters of 2020 above the same quarters in 2019. The second quarter sales volume was comparable to the second quarter in 2019. However, significant growth occurred in 3rd quarter (12%) and 4th quarter (22%) of 2020 compared to 2019. See Figure 1.
Pending Sales
Sales pending at the end of each quarter was significantly higher in 2020 than in 2019. Pending sales at year-end totaled 547 compared to 456 in 2019. See Figure 1.
Inventory of Homes Listed
The number of homes available continued to fall in 2020. At year-end, there were only 764 homes listed compared to 993 at year-end 2019, a reduction of 23%. There was a positive trend in newly constructed homes with 465 homes available at year-end, up from 440 in 2019. See Figure 1.
Days on Market
Average days on market in the 4th quarter of 20 days remained similar to the 19 days in the 3rd quarter. This level is down from 35 days in the 4th quarter of 2019. See Figure 1.
Price
The average sales price (blue line) and median sales price (gold line) grew through the 3rd quarter of 2020 to $291,953 and declined in the 4th quarter to $279,160. Median sales price reached a new high of $254,991 in the 3rd quarter and was slightly lower at $249,328 in the 4th quarter.