Weekly Market Update
The week of May 24, pending sales JUMPED up 50%! Short-term lodging is now open; come see us and look at some fine homes. We should see an increase in pending contracts. Properties closing in the last 30 days maintain 97% of the list price. With interest rates historically low, we are looking at an active market. It's a great time to buy while prices are being reduced.
5/31/20: 671 Active, 138 Non-preconstruction Pendings
- Pendings: median DOM 25, Ave 71
- Price Decrease (35)
- Price Increase (7)
- New Listing (73)
- Back On Market (8)
- Pending (62)
- Sold (19)
- Withdrawn (20)
- Expired (6)
For the month of April 2020 market analysis % change: monetary volume ($63,531,993) in April 2020 was down 59% from April 2019. Transactions (92) were down 45% from April 2019. YTD 2020 monetary volume is pacing 22% down from YTD 2019. YTD 2020 transactions are pacing 15% down from YTD 2019. This is mostly due to the shutdown of the ski areas and showing properties during the high season. It appears June is going to be a bounce-back month.
I hope you're safe and healthy and planning on coming to see us this summer!
As always, I appreciate referrals. If you can think of anyone who could benefit from my professional real estate services, please let me know.
