What’s Up with the Market?

 

In May, homes were averaging 7 days on the market and getting an average of 4% above list price. In June, average DOM was 9 days and average list-to-sale ratio was 3.5% above. 

 

As far as inventory, 976 homes were listed in the month of May, compared to 1,020 listed in June.

 

These may not seem like big shifts, but as they become monthly trends, we will start to see the market level out slightly.

 

Curious what’s going on in your specific neighborhood? Shoot me a message and I’ll do a quick comp analysis!📈

 

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.