Greetings!
May Residential Highlights:
New listings (210) increased 20.7% from the 174 listed in May 2020, and decreased 0.9% from the 212 listed in April 2021. Pending sales (187) decreased 2.6% from the 192 offers accepted in May 2020, and increased 2.2% from the 183 offers accepted in April 2021. Closed sales (144) increased 12.5% from the 128 closings in May 2020, and increased 0.7% from the 143 closings in April 2021.
Inventory and Time on Market:
Inventory increased to 1.2 months in May. Total market time decreased to 31 days.
Year to Date Summary:
Comparing the first five months of 2021 to the same period in 2020, new listings (900) increased 3.6%, pending sales (786) increased 7.5%, and closed sales (639) increased 5.1%.
Average and Median Sales Prices:
Comparing 2021 to 2020 through May, the average sale price has increased 22.5% from $243,500 to $298,400. In the same comparison, the median sale price has increased 20.0% from $225,000 to $269,900.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
CLICK HERE TO VIEW THE REPORT!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.