Market Update June Year over year and June vs July 2020
Market Analysis % Change YTD Year 2020: Monetary volume ($107,532,390) in June 2020 was down 14% from June 2019. Transactions (121) were down 32% from June 2019. YTD 2020 Monetary Volume is pacing 28% down from YTD 2019. YTD 2020 transactions are pacing 28% down to YTD 2019.
Comparative Historical Analysis Comparison YTD 2020-2019-2018:
2020: 561 residential transactions and $468,357,923 gross $ volume
2019: 749 transactions with $615,801,873 gross $ volume.
2018: 856 transactions with $606,897,184 gross $ volume
175 properties Sold through July this year vs 218 last July. July sales at 98% of list price. Prices are holding strong and volume is gaining momentum. With 418 pending contracts August could break all records.
Luxury Market through June
2020; 145 properties selling for over $1M.
2019; 172 properties selling for over $1M
2018; 143 properties selling for over $1M
See The Complete Report from Land Title Guarantee Company
The Week of July 19th-Pending sales increasing. Properties coming on the market have slowed. Inventory is dropping quickly so at this point we are becoming a stronger Seller's Market. How long will it last?
7/26/20 629 Active 404 Non-preconstruction Pendings
Pendings; DOM median 23 Ave 60
Price Decrease (49)
Price Increase (4)
New Listing (71)
Back On Market (20)
Pending (121)
Sold (72)
Withdrawn (10)
Expired (7)