The week of May 17, pending sales crept up slightly. It resembles our typical slow season. Short-term lodging will not open up this week, but when it does, we should see an increase in pending contracts. New listings continue, which is normal for this time of year. Properties closing in the last 30 days maintain 97% of list price but have almost as many price reductions as new listings do. We have gone through a 4-month supply of inventory. With interest rates historically low, we are in the most buyer-friendly market in years.
5/24/20: 669 Active, 118 Non-preconstruction Pendings
Pendings: median DOM 24, average 72. These are trending downward, meaning the good properties priced right are still selling quickly. Don't miss out.
- Price Decrease (27)
- Price Increase (1)
- New Listing (84)
- Back On Market (7)
- Pending (40)
- Sold (23)
- Withdrawn (14)
- Expired (7)
