The statistics are a comparison of July 2019 and July 2020.
The chart below indicates:
Home sales Have INCREASED 21% compared to last year at this time
The average sold price for single family homes INCREASED 9%. Thus creating more equity for home owners.
The average days on market DECREASED 1 Day.
The amount of available inventory had DECREASED buy 3 weeks.
This is indicating that homes are in a very HIGH DEMAND. The Average home price Increased dramatically. Inventory DECREASED making it a super competitive market to buy in.
The housing market is STRONG. A Whopping 9% increase in the average home price. With super low inventory the amount of homes sold still increased by 1,261 homes.
With Record low interest rates. I suspect this will only continue to get stronger. Critical to buy right now. With the average home price increasing like 9%. Why wait start building equity.
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 your trusted advisors and a reliable resource.
Broker Associate / Realtor
Stay Gold Group of HomeSmart Realty