May 2020 Market Snapshot 📊

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Here is your monthly Market Snapshot.


This months stats do not come as a big surprise.  Having a month of virtual only showings has created some interesting changes.  As expected the total number of homes sold May 2020 versus May 2019 is down but only by about 414 homes.  Average days on market is down but that is related to the total number of homes active for sale.  Which is also causing the average sales price to rise. 

So what does this mean?  If you have been considering selling your home now is the time!  With our extremely low inventory and raising average sales price now is the perfect time to get top dollar.  If you are considering buying now is still a great time!  Interest rates are still at an all time low so finding a home with a comfortable monthly payment is extremely possible. 

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