MARCH 2021 New Listings:
We start by looking at the NEW LISTINGS that came on the market in March and we begin with 2019, where we see there were 538 NEW LISTINGS that came on the market. In March of 2020, we find we increased by +5.6 percent with 568 NEW LISTINGS. This year in March of 2021, we decreased by -20.4 percent with 452 NEW LISTINGS.
MARCH 2021 Homes for Sale:
We again, start by looking at March of 2019, where we see there were 932 HOMES FOR SALE. In March of 2020, we find a decrease of -11.4 percent with 826 HOMES FOR SALE. This year in March of 2021, we decreased significantly by -78.5 percent with only 178 HOMES FOR SALE.
MARCH 2021 Pending Sales:
Let's view March of 2019, where we see there were 446 PENDING SALES. In March of 2020, we increased by +2.2 percent with 456 PENDING SALES. This year in March, we increased by +2.4 percent with 467 PENDING SALES.
MARCH 2021 Median Days on Market:
Let's view March of 2019, where we see there were 22 MEDIAN DAYS ON MARKET. In March of 2020, we decreased from the previous year by -13.6 percent with 19 MEDIAN DAYS ON MARKET. This year in March, we decreased by -84.2 percent to 3 MEDIAN DAYS ON MARKET.
MARCH 2021 Months Supply of Homes for Sale:
In March of 2019, the MONTHS SUPPLY OF HOMES FOR SALE was 2.6. In March of 2020, we decreased by -19.2 percent with a 2.1 MONTHS SUPPLY OF HOMES FOR SALE. This year in March, we decreased by -81.0 percent with only 0.4 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 as we mentioned the inventory of homes is down by -78.5 percent from 2020 and the number of days on market is down by -84.2 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!!