JULY 2021 New Listings:
We start by looking at the NEW LISTINGS that came on the market in JULY and we begin with 2019, where we see there were 509 NEW LISTINGS that came on the market. In JULY of 2020, we find we decreased by -7.5 percent with 471 NEW LISTINGS. This year in JULY of 2021, we increased by +11.7 percent with 526 NEW LISTINGS.
JULY 2021 Homes for Sale:
We again, start by looking at JULY of 2019, where we see there were 991 HOMES FOR SALE. In JULY of 2020, we find a decrease of -44.5 percent with 550 HOMES FOR SALE. This year in JULY of 2021, we decreased again by -48.5 percent with only 283 HOMES FOR SALE.
JULY 2021 Pending Sales:
Let's view JULY of 2019, where we see there were 438 PENDING SALES. In JULY of 2020, we increased by +7.1 percent with 469 PENDING SALES. This year in JULY, we increased by +4.3 percent with 489 PENDING SALES.
JULY 2021 Median Days on Market:
Let's view JULY of 2019, where we see there were 19 MEDIAN DAYS ON MARKET. In JULY of 2020, we decreased from the previous year by -52,6 percent with 9 Median Days on Market. This year in JULY, we decreased by -66.7 percent to only 3 Median Days on Market. 3 MEDIAN DAYS!!!
JULY 2021 Months Supply of Homes for Sale:
In JULY of 2019, the MONTHS SUPPLY OF HOMES FOR SALE was 2.6. In JULY of 2020, we decreased by -46.2 percent with a 1.4 MONTHS SUPPLY OF HOMES FOR SALE. This year in JULY, 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 -48.5 percent from 2020 and the number of days on market is down by -66.7 percent to only 3 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!!