NOVEMBER 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in November and we begin with 2018, where we see there were 333 NEW LISTINGS that came on the market. In November of 2019, we find we increased by +1.2 percent with 337 NEW LISTINGS. The following year in November of 2020, we increased again by +8.9 percent with 367 NEW LISTINGS.
NOVEMBER 2020 Homes for Sale:
We again, start by looking at November of 2018, where we see there were 936 HOMES FOR SALE. In November of 2019, we find a decrease of -3.7 percent with 901 HOMES FOR SALE. The following year in November of 2020, we decreased significantly by -62.8 percent with only 335 HOMES FOR SALE.
NOVEMBER 2020 Pending Sales:
Let's view November of 2018, where we see there were 293 PENDING SALES. In November of 2019, we increased by +1.4 percent with 297 PENDING SALES. The following year in November of 2020, we increased again by +28.6 percent with 382 PENDING SALES.
NOVEMBER 2020 Median Days on Market:
Let's view November of 2018, where we see there were 25 MEDIAN DAYS ON MARKET. In November of 2019, we decreased from the previous year with 21 MEDIAN DAYS ON MARKET. This year in November, we decreased by -81.0 percent to 4 MEDIAN DAYS ON MARKET.
NOVEMBER 2020 Months Supply of Homes for Sale:
In November of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 2.6. In November of 2019, we decreased by -11.5 percent with a 2.3 MONTHS SUPPLY OF HOMES FOR SALE. This year in November, we decreased by -65.2 percent with only 0.8 MONTHS SUPPLY OF HOMES FOR SALE!
So here 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 and the number of days on market is shorter than normal. 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!!