A look at this months news, resources, trends and more!
Housing inventory can’t keep up with the high level of homebuyer demand. This is further evidenced in that the months of inventory hit an all-time low at 0.91 months, signifying a very strong seller’s market. The previous record low was this past August 2020 at 0.92 months. In September 2020, there were 3,041 single-family homes available for sale, a decrease from the previous low of 5,693 in September 2017. The median days on market in the entire residential market was six, which was three days lower than the previous record set in September 2015 and 2016. For both single-family and condo homes, there were more closed and pending transactions than ever before reaching 5,850 homes that sold and 6,376 homes in pending status. Click here for full newsletter
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