JULY 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in July and we begin with 2018, where we see there were 650 NEW LISTINGS that came on the market. In July of 2019, we find we decreased slightly by -2.3 percent with 635 NEW LISTINGS. The following year in July of 2020, we decreased by -6.9 percent with 591 NEW LISTINGS.
JULY 2020 Homes for Sale:
We again, start by looking at July of 2018, where we see there were 1,558 HOMES FOR SALE. In July of 2019, we find a decrease of -3.5 percent with 1,503 HOMES FOR SALE. The following year in July of 2020, we decreased significantly by -44.9 percent with 828 HOMES FOR SALE.
JULY 2020 Pending Sales:
Let's view July of 2018, where we see there were 538 PENDING SALES. In July of 2019, we increased by +4.1 percent with 560 PENDING SALES. The following year in July of 2020, we increased by +15.7 percent with 648 PENDING SALES.
JULY 2020 Median Days on Market:
Let's view July of 2018, where we see there were 12 MEDIAN DAYS ON MARKET. In July of 2019, we increased from the previous year with 19 MEDIAN DAYS ON MARKET. This year in July, we decreased by -47.4 percent to 10 MEDIAN DAYS ON MARKET.
JULY 2020 Months Supply of Homes for Sale:
In July of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 3.6. In July of 2019, we decreased by -11.1 percent with a 3.2 MONTHS SUPPLY OF HOMES FOR SALE. This year in July, we decreased by -46.9 percent with only 1.7 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 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!!