AUGUST 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in August and we begin with 2018, where we see there were 521 NEW LISTINGS that came on the market. In August of 2019, we find we increased slightly by +0.2 percent with 522 NEW LISTINGS. The following year in August of 2020, we decreased by -6.5 percent with 488 NEW LISTINGS.
AUGUST 2020 Homes for Sale:
We again, start by looking at August of 2018, where we see there were 1,024 HOMES FOR SALE. In August of 2019, we find a decrease of -2.0 percent with 1,004 HOMES FOR SALE. The following year in August of 2020, we decreased significantly by -58.7 percent with 415 HOMES FOR SALE.
AUGUST 2020 Pending Sales:
Let's view August of 2018, where we see there were 412 PENDING SALES. In August of 2019, we increased by +4.1 percent with 429 PENDING SALES. The following year in August of 2020, we increased by +13.5 percent with 487 PENDING SALES.
AUGUST 2020 Median Days on Market:
Let's view August of 2018, where we see there were 14 MEDIAN DAYS ON MARKET. In August of 2019, we increased from the previous year with 19 MEDIAN DAYS ON MARKET. This year in August, we decreased by -52.6 percent to 9 MEDIAN DAYS ON MARKET.
AUGUST 2020 Months Supply of Homes for Sale:
In August of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 2.9. In August of 2019, we decreased by -6.9 percent with a 2.7 MONTHS SUPPLY OF HOMES FOR SALE. This year in August, we decreased by -63.0 percent with only 1.0 MONTHS SUPPLY OF HOMES FOR SALE.
So there is your comprehensive LOCAL look at the real estate market. If you are considering a sale of your home then now might be a perfect time as the competition is low and the number of days on market is shorter than normal. If you are interested in buying a home then let us help you get a competitive advantage. Please reach out to the Linda Hall Team. We'd love to assist you!!