Market Update for June 2020

As always, we hope this Market Report finds you and your loved ones healthy and happy.

We are pleased to bring you our June real estate update. The numbers reflected in this report show year to date numbers which include when sales dropped off in the early months of COVID, showing a decline in year over year sales. However, we are happy to report compared to May and the months prior to COVID, June closed sales have bounced back strongly. We saw more sales in every price range. The sale pending numbers (in escrow) are 40% higher than June of 2019. We are expecting to see July closings very high as well.

Here is a quick overview of the stats for June 2020 compared to 2019
Total properties sold 161 – 118 homes & 43 Condos -13%
Median Sales Price for a Home – $1,425,000 +19%
Median Sales Price for a Condo – $650,000 -9%
Months of Inventory – 4.31
25% were Cash Sales

Click here is a link to the full report

As a reminder, we are taking every precaution needed while showing properties, because everyone’s safety is important to us.

Posted on July 22, 2020 at 5:17 pm
Robert Watt | Category: Uncategorized

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