Market Update For Week Ending July 11, 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 11:
- New Listings decreased 12% to 344
- Pending Sales increased 4% to 361
- Inventory decreased 32.5% to 2,212
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
