The statistics are a comparison of June 2019 and June 2020.
The chart below indicates:
Home sales Have INCREASED 3% compared to last year at this time
The average sold price for single family homes INCREASED 2%. Thus creating more equity for home owners.
The average days on market had NO CHANGE.
The amount of available inventory had DECREASED buy 2 weeks.
This is indicating that homes are in a very HIGH DEMAND. The Average home price Increased regardless of what some supposed experts have said. Inventory DECREASED making it a competitive market to buy in.
The housing market is STRONG. It is obvious that current events have had NO negative impacts on the housing market. It seems that it made it STRONGER.
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