July 2020 is a Seller's market! The number of for sale listings was down 45.6% from one year earlier and down 11.4% from the previous month. The number of sold listings decreased 1.8% year over year and increased 11.6% month over month. The number of under contract listings was up 3.8% compared to previous
month and up 13.8% compared to previous year. The Months of Inventory based on Closed Sales is 0.7, down 46.5% from the previous year.
The Average Sold Price per Square Footage was up 2.4% compared to previous month and up 7.4% compared to last year. The Median Sold Price increased by 1.7% from last month. The Average Sold Price also increased by 3.7% from last month. Based on the 6 month trend, the Average Sold Price trend is "Appreciating"
and the Median Sold Price trend is "Appreciating".
The Average Days on Market showed a neutral trend, an increase of 4.3% compared to previous year. The ratio of Sold Price vs. Original List Price is 99%, was the same compared to previous year.
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