Market Update For Week Ending June 13, 2020
New unemployment insurance weekly claims declined again this week, coming in at a little over 1.5 million claims. This is down substantially from more than 6 million claims posted per week in late March and early April but still higher than pre-COVID-19 levels. Nearly 21 million Americans remain unemployed, up from just 1.7 million a year ago. As businesses continue to reopen, new unemployment claims and total unemployed is expected to decline in the coming weeks.
For the week ending June 13:
- New Listings decreased 26.1% to 295
- Pending Sales increased 16.0% to 378
- Inventory decreased 28.1% to 2,367
For the month of May:
- Median Sales Price increased 12.5% to $223,900
- Days on Market decreased 21.1% to 45
- Pct of List Price Rec’d increased 0.8% to 98.8%
- Months Supply decreased 33.3% to 2.0
