AUGUST 2021 New Listings:
We start by looking at the NEW LISTINGS that came on the market in AUGUST and we begin with 2019, where we see there were 523 NEW LISTINGS that came on the market. In AUGUST of 2020, we find we decreased by -3.4 percent with 505 NEW LISTINGS. This year in AUGUST of 2021, we increased slightly by +1.6 percent with 513 NEW LISTINGS.
AUGUST 2021 Homes for Sale:
We again, start by looking at AUGUST of 2019, where we see there were 1,005 HOMES FOR SALE. In AUGUST of 2020, we find a decrease of -44.6 percent with 557 HOMES FOR SALE. This year in AUGUST of 2021, we decreased again by -44.5 percent with only 309 HOMES FOR SALE.
AUGUST 2021 Pending Sales:
Let's view AUGUST of 2019, where we see there were 430 PENDING SALES. In AUGUST of 2020, we increased by +5.6 percent with 454 PENDING SALES. This year in AUGUST, we increased by +6.6 percent with 484 PENDING SALES.
AUGUST 2021 Median Days on Market:
Let's view AUGUST of 2019, where we see there were 18 MEDIAN DAYS ON MARKET. In AUGUST of 2020, we decreased from the previous year by -50.0 percent with 9 Median Days on Market. This year in AUGUST, we decreased by -55.6 percent to only 4 Median Days on Market. 4 MEDIAN DAYS!!!
AUGUST 2021 Months Supply of Homes for Sale:
In AUGUST of 2019, the MONTHS SUPPLY OF HOMES FOR SALE was 2.7. In AUGUST of 2020, we decreased by -48.1 percent with a 1.4 MONTHS SUPPLY OF HOMES FOR SALE. This year in AUGUST, we decreased by -50.0 percent with only 0.7 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 still be pretty low as we mentioned the inventory of homes is down by -44.5 percent from 2020 and the number of days on market is down by -55.6 percent to only 4 days! 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!!