Market Update For Week Ending July 4, 2020
With healthy buyer demand and constrained supply, showing and offer activity continue to be high with many properties receiving multiple offers. Holiday weeks often provide a short reprieve from the normal busy summer selling season as buyers and sellers take a few days to focus on festivities before turning their focus back to real estate the following week.
For the week ending July 4:
- New Listings decreased 13.1% to 293
- Pending Sales increased 28.6% to 355
- Inventory decreased 31.4% to 2,255
For the month of June:
- Median Sales Price increased 10.6% to $229,900
- Days on Market decreased 23.5% to 39
- Pct of List Price Rec’d increased 1.0% to 99.1%
- Months Supply decreased 40.0% to 1.8
