Market Update For Week Ending May 9, 2020
This week ATTOM Data Solutions released their Q1 2020 U.S. Home Equity and Underwater Report, showing that just over one in four homeowners have at least 50% equity in their homes. The Mortgage Bankers Association reported that mortgage
applications were up again last week, which is further sign of strengthing buyer interest as much of the country sees a gradual softening of stay-at-home orders due to COVID-19.
For the week ending May 9:
- New Listings decreased 9.5% to 353
- Pending Sales increased 23.4% to 359
- Inventory decreased 20.2% to 2,586
For the month of April:
- Median Sales Price increased 15.9% to $219,000
- Days on Market decreased 16.1% to 47
- Pct of List Price Rec’d increased 0.4% to 98.7%
- Months Supply decreased 30.0% to 2.1
