Weekly Market Update May 3, 2020

Market Trends

The Week of April 26-We seem to trending upward for now. With showings resuming last week pending contracts doubled. Properties closing last 30 days maintain 97% of list price. Price reductions and back on the market continued but did not increase. With interest rates historically low we are in the most buyer friendly market in years. 

5/3 574 Active 96 Non-preconstruction Pendings

Pendings; DOM Median-25 Average-83
Price Decrease (18)
Price Increase (3)
New Listing (47)
Back On Market (10)
Pending (30)
Sold (30)
Withdrawn (15)
Expired (29)

New listings coming on but many people are pulling their properties off the market. That's keeping the number of active listings steady. Now's a great time to find the home you've always wanted. If it's here today it may be gone tomorrow and not be back for a very long time.  

I hope you're staying healthy and planning on seeing us when this passes. We miss you all! 

As always, I appreciate you. If you can think of anything I can do to help make your life easier today, please let me know.