Market Update For Week Ending May 30, 2020
Buyer activity continues to improve as states and localities slowly open up. ShowingTime is reporting that nationally, showing activity has been climbing since mid-April and is now at or above the same time last year. This increase in buyer showings predicts continued improvement in pending and closed sales numbers in the weeks to come.
For the week ending May 30:
- New Listings decreased 8.5% to 270
- Pending Sales increased 32.8% to 364
- Inventory decreased 24.5% to 2,505
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
