Let's dive even deeper than this. Let's begin by looking at a year over year comparison of specific real estate data that will help us understand what our local markets are doing compared to the rest of the country. 

JULY New Listings:

We start by looking at the NEW LISTINGS that came on the market in July and we begin with 2017, where we see there were 465 NEW LISTINGS that came on the market. In July of 2018, we find an increase of +9.5 percent with 509 NEW LISTINGS. The following year in July of 2019, we decreased by -0.4 percent with 507 NEW LISTINGS. 

 

JULY Homes for Sale:

We again, start by looking at July of 2017, where we see there were 992 HOMES FOR SALE. In July of 2018, we find an increase of +1.7 percent with 1,009 HOMES FOR SALE. The following year in July of 2019, we decreased by -8.6 percent with only 922 HOMES FOR SALE. 

 

JULY Pending Sales:

Let's view July of 2017, where we see there were 356 PENDING SALES. In July of 2018, we increased by +18.3 percent with 421 PENDING SALES. The following year in July of 2019, we increased by +11.4 percent with 469 PENDING SALES. 

 

JULY Median Days on Market:

Let's view July of 2017, where we see there were 14 MEDIAN DAYS ON MARKET. In July of 2018, we decreased by -7.1 percent with 13 MEDIAN DAYS ON MARKET. The following year in July of 2019, we increased by +46.2 percent to 19 MEDIAN DAYS ON MARKET. 

 

JULY Months Supply of Homes for Sale:

In July of 2017, the MONTHS SUPPLY OF HOMES FOR SALE was 3.0. In July of 2018, we slightly decreased by -3.3 percent to 2.9 MONTHS SUPPLY OF HOMES FOR SALE. The following year in July of 2019, we decreased by -17.2 percent to 2.4 MONTHS SUPPLY OF HOMES FOR SALE. 

 

So there is your comprehensive LOCAL look at the real estate market. If you are thinking about purchasing a home, please reach out to the Linda Hall Team. We'd love to assist you!!