Market Update: June Year-over-Year and June vs July 2020
Market Analysis % Change YTD Year 2020: Monetary volume ($107,532,390) in June 2020 was down 14% from June 2019. Transactions (121) were down 32% from June 2019. YTD 2020 monetary volume is pacing 28% down from YTD 2019. YTD 2020 transactions are pacing 28% down from YTD 2019.
Comparative Historical Analysis Comparison YTD 2020-2019-2018:
- 2020: 561 residential transactions and $468,357,923 gross $ volume,
- 2019: 749 transactions with $615,801,873 gross $ volume,
- 2018: 856 transactions with $606,897,184 gross $ volume
175 properties sold through July this year vs. 218 last July. July sales at 98% of list price. Prices are holding strong, and volume is gaining momentum. With 418 pending contracts, August could break all records.
Luxury Market through June
- 2020: 145 properties selling for over $1M.
- 2019: 172 properties selling for over $1M.
- 2018: 143 properties selling for over $1M.
The week of July 19th—pending sales increasing. Properties coming on the market have slowed. Inventory is dropping quickly, so at this point we are becoming a stronger seller's market. How long will it last?
7/26/20: 629 Active 404 Non-preconstruction Pendings
Pending; DOM median 23 Ave 60
- Price Decrease (49)
- Price Increase (4)
- New Listing (71)
- Back On Market (20)
- Pending (121)
- Sold (72)
- Withdrawn (10)
- Expired (7)
