July 2020 Market Snapshot

As you can see from the following stats in the link below, activity in July has been brisk! It is definitely a Seller’s market! Despite being in a pandemic, sales have been brisk. Pending Sales have been increasing consistently over the past two months, and inventory has shrunk–it is over 40% lower than at the same time last year. Active listings are down almost 40%. The number of pending sales is up almost 14% over last year. This is a lot of selling, especially now! My take on this is that the current numbers reflect of pent-up demand, and this summer is essentially the spring market due to COVID-19.
Please reach out if you’d like more detailed information or even if you just want to chat…I’m here for you!! #yourhomesherpa
Click here for the July 2020 market snapshot:
marketsnapshot 7.2020