Weekly Market Update
The week of June 22—Pending sales continue to be strong. Properties closing in the last 30 days continue at 97% of list price. Still some price reductions happening; it's a great time to buy. Inventory is holding at about a six-week supply; there are so many great choices out there.
6/28/20 715 Active 262 Non-preconstruction Pendings
Pendings: DOM median 19 Ave 60
- Price Decrease (55)
- Price Increase (1)
- New Listing (86)
- Back On Market (5)
- Pending (101)
- Sold (28)
- Withdrawn (11)
- Expired (5)
For the month of May 2020 market analysis % change: monetary volume ($66,469,300) in May 2020 was down 58% from May 2019. Transactions (92) were down 59% from May 2019. YTD 2020 monetary volume is pacing 31% down from YTD 2019. YTD 2020 transactions are pacing 27% down to YTD 2019. We call this opportunity time for smart buyers. With 350 properties going pending in June, it has been a bounce-back month. I won't be surprised if July is near normal.
