May 2020 Market Stats

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If you’re curious what kind of market we’re in, let’s say it’s a fast market, and ultimately in the seller’s hand. With limited inventory (homes to sell), buyers are taking advantage of mortgage rates which have been below 3.3 percent for more than four weeks. Showing activity was even up 4% nationally from this week last year, during a pandemic, no less!

Call to Action: If you are on the fence about selling, don’t be. Inventory shrank 29.0 percent from last month. Less homes for sale and an increase in buyers will give you a great opportunity to sell your home (when priced correctly and in a desirable condition and location). Overall, Prices moved higher as Median Sales Price was up 1.2 percent


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