The following Real Estate statistics were collected by MLSOK, Inc., for the time frame June 1 through June 30, 2020.
While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well.
Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.
New Listings increased 11.1 percent for Single Family homes and 10.3 percent for Townhouse-Condo homes.
Pending Sales increased 30.0 percent for Single Family homes and 10.9 percent for Townhouse-Condo homes.
Inventory decreased 15.5 percent for Single Family homes but increased 29.6 percent for Townhouse-Condo Homes.
Months’ Supply of Inventory Remains Flat Month’s Supply of Inventory decreased 19.2 percent for Single Family homes but increased 29.6 percent for Townhouse-Condo homes.
Median Sales Price Increases Median Sales Price increased 4.2 percent to $199,027 for Single Family homes and 31.5 percent to $126,250 for Townhouse-Condo homes.
Average Days on Market Decreases Days on Market decreased 4.8 percent for Single Family homes but increased 29.7 percent for Townhouse-Condo homes.
While buyer activity continues to be robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Many housing experts believe sellers remain reluctant to list their homes due to continued concerns over COVID-19, which was beginning to see a resurgence in June. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season.
If you are wondering how current national and global situations might be impacting your property’s value, your neighborhood, or the Real Estate market in general, we are happy to provide more specific information.
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
