SEPTEMBER 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in September and we begin with 2018, where we see there were 338 NEW LISTINGS that came on the market. In September of 2019, we find we increased by +26.0 percent with 426 NEW LISTINGS. The following year in September of 2020, we increased again, but only slightly this time, by +5.9 percent with 451 NEW LISTINGS.
SEPTEMBER 2020 Homes for Sale:
We again, start by looking at September of 2018, where we see there were 1,004 HOMES FOR SALE. In September of 2019, we find a decrease of -1.7 percent with 987 HOMES FOR SALE. The following year in September of 2020, we decreased significantly by -64.1 percent with only 354 HOMES FOR SALE.
SEPTEMBER 2020 Pending Sales:
Let's view September of 2018, where we see there were 268 PENDING SALES. In September of 2019, we increased by +36.6 percent with 366 PENDING SALES. The following year in September of 2020, we increased again by +34.4 percent with 492 PENDING SALES.
SEPTEMBER 2020 Median Days on Market:
Let's view September of 2018, where we see there were 15 MEDIAN DAYS ON MARKET. In September of 2019, we increased from the previous year with 17 MEDIAN DAYS ON MARKET. This year in September, we decreased by -64.7 percent to 6 MEDIAN DAYS ON MARKET.
SEPTEMBER 2020 Months Supply of Homes for Sale:
In September of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 2.9. In September of 2019, we decreased by -10.3 percent with a 2.6 MONTHS SUPPLY OF HOMES FOR SALE. This year in September, we decreased by -65.4 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!!