MAY 2021 New Listings:
We start by looking at the NEW LISTINGS that came on the market in May and we begin with 2019, where we see there were 609 NEW LISTINGS that came on the market. In May of 2020, we find we decreased by -37.1 percent with 383 NEW LISTINGS. This year in May of 2021, we increased by +31.6 percent with 504 NEW LISTINGS. So we aren't to pre-pandemic levels, but we are moving in the right direction!
MAY 2021 Homes for Sale:
We again, start by looking at May of 2019, where we see there were 1008 HOMES FOR SALE. In May of 2020, we find a decrease of -33.3 percent with 672 HOMES FOR SALE. This year in May of 2021, we decreased significantly by -66.7 percent with only 224 HOMES FOR SALE.
MAY 2021 Pending Sales:
Let's view May of 2019, where we see there were 485 PENDING SALES. In May of 2020, we decreased by -2.3 percent with 474 PENDING SALES. This year in May, we increased by +0.4 percent with 476 PENDING SALES.
MAY 2021 Median Days on Market:
Let's view May of 2019, where we see there were 15 MEDIAN DAYS ON MARKET. In May of 2020, we decreased from the previous year by -46.7 percent with 8 MEDIAN DAYS ON MARKET. This year in May, we decreased by -62.5 percent to only 3 MEDIAN DAYS ON MARKET.
MAY 2021 Months Supply of Homes for Sale:
In May of 2019, the MONTHS SUPPLY OF HOMES FOR SALE was 2.8. In May of 2020, we decreased by -39.3 percent with a 1.7 MONTHS SUPPLY OF HOMES FOR SALE. This year in May, we decreased by -70.6 percent with only 0.5 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 -66.7 percent from 2020 and the number of days on market is down by -62.5 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!!