JUNE 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in June and we begin with 2018, where we see there were 550 NEW LISTINGS that came on the market. In June of 2019, we find we decreased slightly by -0.2 percent with 549 NEW LISTINGS. The following year in June of 2020, we decreased by -18 percent with only 450 NEW LISTINGS.
JUNE 2020 Homes for Sale:
We again, start by looking at June of 2018, where we see there were 1,003 HOMES FOR SALE. In June of 2019, we find a slight decrease of -0.4 percent with 999 HOMES FOR SALE. The following year in June of 2020, we decreased significantly by -54.5 percent with 455 HOMES FOR SALE.
JUNE 2020 Pending Sales:
Let's view June of 2018, where we see there were 377 PENDING SALES. In June of 2019, we increased by +25.5 percent with 473 PENDING SALES. The following year in June of 2020, we increased by +7.8 percent with 510 PENDING SALES.
JUNE 2020 Median Days on Market:
Let's view June of 2018, where we see there were 11 MEDIAN DAYS ON MARKET. In June of 2019, we increased from the previous year with 13 MEDIAN DAYS ON MARKET. This year in June, we increased slightly by +7.7 percent with only 14 MEDIAN DAYS ON MARKET.
JUNE 2020 Months Supply of Homes for Sale:
In June of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 2.9. In June of 2019, we decreased by -6.9 percent with a 2.7 MONTHS SUPPLY OF HOMES FOR SALE. This year in June, we decreased by -55.6 percent with only 1.2 MONTHS SUPPLY OF HOMES FOR SALE.
So there is your comprehensive LOCAL look at the real estate market. As you can see the market is definitely still favoring sellers. The supply is down and the demand is high. If you are considering a sale of your home then now might be a perfect time. 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!!