Check out June 2020 real estate statistics for the 23 counties that comprise the Northwest Multiple Listing Service (NWMLS). Quick takeaways:
- COVID-19 + Low inventory are the driving factors in the current real estate market. Homes are selling 33% faster than they were a year ago.
- Compared to 2019, inventory of available homes was down 42% in June, while the # of pending sales increased 3%.
- Homes are selling FAST. These slides don’t show it, but days on market (how long a home takes to sell) is decreasing. You can see this on the “Local Real Estate Statistics & Trends” tab at the top of my home page.
- Long story short: After a sluggish April and May, summer is emerging as the new spring in the housing market, at least for this year.
Statistically, you know 3-4 people who will be moving this year. Help your friends & family by referring me so I can help them navigate what is likely the biggest financial decision of their life. I’m here to help! #yourhomesherpa