The week of April 26—We seem to be trending upward for now. With showings resuming last week, pending contracts doubled. Properties closing in the last 30 days maintain 97% of the list price. Price reductions and back on the market continued but did not increase. With interest rates historically low, we are in the most buyer-friendly market in years.
5/3 574 Active 96 Non-preconstruction Pendings
- Pendings: DOM Median-25, Average-83
- Price Decrease (18)
- Price Increase (3)
- New Listing (47)
- Back On Market (10)
- Pending (30)
- Sold (30)
- Withdrawn (15)
- Expired (29)
New listings are coming on, but many people are pulling their properties off the market. That's keeping the number of active listings steady. Now's a great time to find the home you've always wanted. If it's here today, it may be gone tomorrow and not be back for a very long time.
I hope you're staying healthy and plan to see us when this passes. We miss you all!
As always, I appreciate you. If you can think of anything I can do to help make your life easier today, please let me know.
