The statistics are a comparison of April 2019 and April 2020.

The chart below indicates.

The average sold price for single family homes INCREASED by 1%

The average days on market has DECREASED by 9 days

The amount of Home Sales DECREASED 26%

This is indicating that homes are still in high demand. With less listings then the previous year. Homes are moving off the market 9 days quicker. The housing market appears to have slowed as far as listings on market. But are seeing less time on market because of high demand.

First week into March 2020

  • Sellers continued to bring more listings of homes for sale to the market pushing the week-over-week count up for the second consecutive week. We saw 1,709 New Listings the week of May 3, up 6% from the previous week. As compared to the same week in 2019, New Listings were down just 7%.

  • The number of Closed Listings was 45% lower than the week of April 26. However, we saw the number of listings in Pending status increase for the second consecutive week, a positive sign that prospective buyers are active in the market.

  • The Median Closed Price for homes was up 2% compared to last week and was 4% higher than this point in 2019.

  • The Median Days In MLS was 1 day more than last week but 2 days less than this week last year.

  • The count of Active Listings at the beginning of each week continues to grow as more New Listings come on the market. On May 11, where were 7,243 Active listings, up 5% from last week and 11% higher than two weeks ago.

Bottom Line

The housing market yet a little rattled with all that is going on. It is holding strong and looks to be heading for a strong rebound. Possibly stronger than it was before.

If you are looking for guidance whether you are buying or selling a home. Look no further than aligning yourself with people who conduct themselves with the highest of Integrity and Character.

We are here as your trusted advisors and as a reliable resource.

Thomas Tucker

Broker Associate / Realtor

Stay Gold Group of HomeSmart Realty


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