Independence Day Market Report

Market Trends

Weekly Market Update

The Week of June 22-Pending sales continue strong. Properties closing last 30 days continue at 97% of list price. Still some price reductions happening, it's a great time to buy. Inventory is holding at about a six week supply so many great choices out there.  

6/28/20    715 Active  262 Non-preconstruction Pendings

Pendings;  DOM median 19 Ave 60

Price Decrease (55)
Price Increase (1)
New Listing (86)
Back On Market (5)
Pending (101)
Sold (28)
Withdrawn (11)
Expired (5)

For the Month of May 2020 Market Analysis % Change; Monetary volume ($66,469,300) in May 2020 was down 58% from May 2019. Transactions (92) were down 59% from May 2019.  YTD 2020 Monetary Volume is pacing 31% down from YTD 2019. YTD 2020 transactions are pacing 27% down to YTD 2019. We call this opportunity time for smart buyers. With 350 properties going pending in June it has been a bounce back month. I won't be surprised if July is near normal. See the complete report from Land Title Guarantee Company