OCTOBER 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in October and we begin with 2018, where we see there were 455 NEW LISTINGS that came on the market. In October of 2019, we find we decreased by -0.7 percent with 452 NEW LISTINGS. The following year in October of 2020, we decreased again by -2.7 percent with 440 NEW LISTINGS.
OCTOBER 2020 Homes for Sale:
We again, start by looking at October of 2018, where we see there were 989 HOMES FOR SALE. In October of 2019, we find a decrease of -4.7 percent with 943 HOMES FOR SALE. The following year in October of 2020, we decreased significantly by -63.0 percent with only 349 HOMES FOR SALE.
OCTOBER 2020 Pending Sales:
Let's view October of 2018, where we see there were 349 PENDING SALES. In October of 2019, we increased by +14.6 percent with 400 PENDING SALES. The following year in October of 2020, we increased again by +7.3 percent with 429 PENDING SALES.
OCTOBER 2020 Median Days on Market:
Let's view October of 2018, where we see there were 21 MEDIAN DAYS ON MARKET. In October of 2019, we decreased from the previous year with 17 MEDIAN DAYS ON MARKET. This year in October, we decreased by -58.8 percent to 7 MEDIAN DAYS ON MARKET.
OCTOBER 2020 Months Supply of Homes for Sale:
In October of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 2.8. In October of 2019, we decreased by -14.3 percent with a 2.4 MONTHS SUPPLY OF HOMES FOR SALE. This year in October, we decreased by -62.5 percent with only 0.9 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 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!!