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. 

JUNE New Listings:

We start by looking at June of 2017, where we see there were 504 NEW LISTINGS that came on the market. In June of 2018, we find an increase of +8.7 percent with 548 NEW LISTINGS. The following year in June of 2019, we decreased by -0.2 percent with 547 NEW LISTINGS

JUNE Homes for Sale:

We again, start by looking at June of 2017, where we see there were 967 HOMES FOR SALE. In June of 2018, we find an increase of +3.6 percent with 1,002 HOMES FOR SALE. The following year in June of 2019, we decreased by -8.4 percent with only 918 HOMES FOR SALE. 

JUNE Pending Sales:

Let's view June of 2017, where we see there were 419 PENDING SALES. In June of 2018, we decreased by -10.5 percent with 375 PENDING SALES. The following year in June of 2019, we increased by +34.4 percent with 504 PENDING SALES. 

JUNE Median Days on Market:

Let's view June of 2017, where we see there were 13 MEDIAN DAYS ON MARKET. In June of 2018, we decreased by -15.4 percent with 11 MEDIAN DAYS ON MARKET. The following year in June of 2019, we increased by +18.2 percent to 13 MEDIAN DAYS ON MARKET

JUNE Months Supply of Homes for Sale:

In June of 2017, the MONTHS SUPPLY OF HOMES FOR SALE was 2.9. In June of 2018, we stayed the same at 2.9 MONTHS SUPPLY OF HOMES FOR SALE. The following year in June 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!!