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There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 8/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $490,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 70 84 69 70 117 113 89
Total Condos SOLD 187 387 348 407 304 271 269

After the slow-down in March through May, the data is starting to reflect the increase in activity over the last 90 days. Through August 2020, the median condo price is up 9% over 2019. If we annualize YTD 2020 condos sold, we are on track to sell 38% fewer condos in 2019, but I do not think this trend is accurate as 45% of all condos sold in 2020 were closed in July and August. Condos are selling 19% faster than in 2019 (down 14 days).

Single Family Homes

Through 8/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $785,000 $767,625 $890,000 $750,000 682,500 694,400 $619,000
Median* Days on Market 92 113 113 131 132 165 145
Total SF Homes Sold 62 94 87 95 98 91 85

Through August 2020, the median price of single family homes sold is relatively flat (about 2% variance) as compared to 2019. Annualizing YTD 2020 single family homes sold, we are on track to sell approximately the same number of homes in 2020 as compared to 2019, but I think this trend will shift since 37% of the YTD homes sold closed in July and August. Single family homes are also selling 25% more quickly in 2020 than 2019 (down 21 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $445,000

DOWN from $421,950 in August

$1,295,000

UP from $1,162,500 in August

Median Days on Market* 39

DOWN from 53 in August

60

DOWN from 65 in August

Total Available March 1** 65

DOWN from 94 in August

33

DOWN from 40 in August

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 7/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $464,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 73 84 69 70 117 113 89
Total Condos SOLD 139 387 348 407 304 271 269

After the slow-down in March through May, the data is starting to reflect the increase in activity over the last 45-60 days. Through July 2020, the median condo price is slightly up over 2019 (3%). If we annualize YTD 2020 condos sold, we are on track to sell 60% fewer condos in 2019, but I do not think this trend is accurate as 25% of all condos sold in 2020 were closed in July. Condos are selling 14% faster than in 2019 (down 11 days).

Single Family Homes

Through 7/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $750,000 $767,625 $890,000 $750,000 682,500 694,400 $619,000
Median* Days on Market 95 113 113 131 132 165 145
Total SF Homes Sold 51 94 87 95 98 91 85

Through July 2020, the median price of single family homes sold is relatively flat (about 2% variance) as compared to 2019. If we annualize YTD 2020 single family homes sold, we are on track to sell approximately 8% less compared to 2019, but I think this trend will shift since 24% of the YTD homes sold closed in July. Single family homes are also selling 18% more quickly in 2020 than 2019 (down 18 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $421,950

DOWN from $443,500 in July

$1,162,500

UP from $1,157,000 in July

Median Days on Market* 53

DOWN from 57 in July

65

UP from 53 in July

Total Available March 1** 94

DOWN from 116 in July

40

DOWN from 42 in July

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 6/30/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $452,500 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 89 84 69 70 117 113 89
Total Condos SOLD 100 387 348 407 304 271 269

Through June 2020, the median condo price is relatively flat as compared to 2019. If we annualize YTD 2020 condos sold, we are on track to sell 51% fewer condo than in 2019, and those that do sell are taking 5% longer (up 7 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

Single Family Homes

Through 6/30/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $735,000 $767,625 $890,000 $750,000 682,500 694,400 $619,000
Median* Days on Market 126 113 113 131 132 165 145
Total SF Homes Sold 39 94 87 95 98 91 85

Through June 2020, the median price of single family homes sold is slightly up (about 4%) as compared to 2019. If we annualize YTD 2020 single family homes sold, we are on track to sell approximately 12% less as compared to 2019, and those that do sell are taking 11% longer (up 13 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $443,500

UP from $429,000 in June

$1,157,000

DOWN from $1,190,000 in June

Median Days on Market* 57

DOWN from 82 in June

53

DOWN from 100 in June

Total Available March 1** 116

UP from 90 in June

42

UP from 33 in June

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 5/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $457,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 96 84 69 70 117 113 89
Total Condos SOLD 92 387 348 407 304 271 269

Through May 2020, the median condo price is relatively flat (less than 2% variance) as compared to 2019. If we annualize YTD 2020 condos sold, we are on track to sell 43% fewer condo than in 2019, and those that do sell are taking 15% longer (up 12 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

Single-Family Homes

Through 5/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $757,500 $767,625 $890,000 $750,000 682,500 694,400 $619,000
Median* Days on Market 143 113 113 131 132 165 145
Total SF Homes Sold 34 94 87 95 98 91 85

Through May 2020, the median price of single-family homes sold is relatively flat (less than 2% variance) as compared to 2019. If we annualize YTD 2020 single family homes sold, we are on track to sell 13% less as compared to 2019, and those that do sell are taking 27% longer (up 30 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $429,000

DOWN from $444,000 in May

$1,190,000

UP from $1,124,000 in May

Median Days on Market* 82

UP from 74 in May

100

DOWN from 148 in May

Total Available March 1** 90

UP from 74 in May

33

UP from 30 in May

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 4/30/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $439,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 $265,000
Median* Days on Market 97 84 69 70 117 113 89 105
Total Condos SOLD 89 387 348 407 304 271 259 345

Through April 2020, the median condo price is down 2.5% compared to 2019. If we annualize YTD 2020 condos sold, we are on track to sell 44% fewer condo than in 2019, and those that do sell are taking 15% longer (up 13 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

Single-Family Homes

Through 4/30/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $780,000 $767,625 $890,000 $750,000 $682,500 $694,400 $619,000 $580,000
Median* Days on Market 148 113 113 131 132 165 145 103
Total SF Homes Sold 31 94 87 95 98 91 85 90

Through April 2020, the median price of single-family homes sold is relatively flat (less than 2% variance) as compared to 2019. If we annualize YTD 2020 single family homes sold, we are on track to sell the same number as in 2019, and those that do sell are taking 30% longer (up 35 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $444,000

DOWN from $449,900 in April

$1,124,000

DOWN from $1,123,000 in April

Median Days on Market* 74

UP from 46 in April

148

UP from 127 in April

Total Available March 1** 74

DOWN from 87 in March

30

DOWN from 35 in April

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 3/31/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $450,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 $265,000
Median* Days on Market 97 84 69 70 117 113 89 105
Total Condos SOLD 77 387 348 407 304 271 259 345

Through the first quarter of 2020, condo prices are flat as compared to 2019. If we annualize first quarter of 2020 condos sold, we are on track to sell 26% fewer condo than in 2019, and those that do sell are taking 15% longer (up to 13 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

Single-Family Homes

Through 3/31/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $780,000 $767,625 $890,000 $750,000 $682,500 $694,400 $619,000 $580,000
Median* Days on Market 139 96 113 131 132 165 145 103
Total SF Homes Sold 25 94 87 95 98 91 85 90

Through the first quarter of 2020, single family home sales are relatively flat (less than 2% variance) as compared to 2019. If we annualize the first quarter of 2020 single family homes sold, we are on track to sell approximately 6% more single family homes than in 2019, and those that do sell are taking 23% longer (up to 26 days). Of course, this trend is not reliable due to the current COVID-19 crisis.

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $449,900

DOWN from $472,000 in March

$1,123,000

DOWN from $1,189,000 in March

Median Days on Market* 46

UP from 28 in March

127

DOWN from 129 in March

Total Available March 1** 87

UP from 64 in March

35

DOWN from 47 in March

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the PDF report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 2/29/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $439,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 $265,000
Median* Days on Market 103 84 69 70 117 113 89 105
Total Condos SOLD 51 387 348 407 304 271 259 345

In 2019, condo prices were up 12% over year-end 2018. Approximately 11% more condos sold in 2019 and those that did sell took 21% longer (up 15 days) to sell than in 2018. It is too early to identify 2020 trends.

Single-Family Homes

Through 2/29/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $807,000 $767,625 $890,000 $750,000 $682,500 $694,400 $619,000 $580,000
Median* Days on Market 143 96 113 131 132 165 145 103
Total SF Homes Sold 16 94 87 95 98 91 85 90

In 2019 single family home prices were down approximately 16% from year-end 2018. Approximately 8% more single family homes sold in 2019. Those that did sell sold about 17% faster (down 17 days) than in 2018. It is too early to identify 2020 trends.

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $472,000

UP from $459,500 in February

$1,189,000

UP from $1,125,000 in February

Median Days on Market* 28

DOWN from 47 in February

129

DOWN from 165 in February

Total Available March 1** 64

UP from 58 in February

47

DOWN from 49 in February

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the PDF report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 1/31/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $419,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 $265,000
Median* Days on Market 155 84 69 70 117 113 89 105
Total Condos SOLD 23 387 348 407 304 271 259 345

In 2019, condo prices were up 12% over year-end 2018. Approximately 11% more condos sold in 2019 and those that did sell took 21% longer (up 15 days) to sell than in 2018. It is too early to identify 2020 trends.

Single-Family Homes

Through 1/31/20 2019 2018 2017 2016 2015 2014 2013
Median* Sold Price $965,000 $767,625 $890,000 $750,000 $682,500 $694,400 $619,000 $580,000
Median* Days on Market 148 96 113 131 132 165 145 103
Total SF Homes Sold 5 94 87 95 98 91 85 90

In 2019 single family home prices were down approximately 16% from year-end 2018. Approximately 8% more single family homes sold in 2019. Those that did sell sold about 18% faster (down 17 days) than in 2018. It is too early to identify 2020 trends.

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $459,500

DOWN from $445,000 in January

$1,125,000

UP from $995,000 in January

Median Days on Market* 47

DOWN from 74 in January

165

UP from 137 in January

Total Available December 1** 58

DOWN from 105 in January

49

UP from 38 in January

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the PDF report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

2019 2018 2017 2016 2015 2014 2013 2012
Median* Sold Price $450,000 $402,500 $349,900 $299,750 $305,000 $292,500 $265,000 $244,000
Median* Days on Market 84 69 70 117 113 89 105 123
Total Condos SOLD 387 348 407 304 271 259 345 299

In 2019 condo prices were up 12% over year-end 2018. Approximately 11% more condos sold in 2019. Those that did sell took 21% longer (up 15 days) to sell than in 2018.

Single-Family Homes

2019 2018 2017 2016 2015 2014 2013 2012
Median* Sold Price $767,625 $890,000 $750,000 $682,500 $694,400 $619,000 $580,000 $575,000
Median* Days on Market 96 113 131 132 165 145 103 181
Total SF Homes Sold 94 87 95 98 91 85 90 91

In 2019 single family home prices were down approximately 16% from year-end 2018. Approximately 8% more single family homes sold in 2019. Those that did sell sold about 18% faster (down 17 days) than in 2018.

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $454,900

DOWN from $462,000 in December

$1,086,000

UP from $1,050,000 in December

Median Days on Market* 72

DOWN from 96 in December

157

UP from 125 in December

Total Available December 1** 64

DOWN from 66 in December

61

DOWN from 64 in December

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the PDF report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

 

Condos

 

Through 11/30/19 2018 2017 2016 2015 2014 2013 2012
Median* Sold Price $460,000 $402,500 $349,900 $299,750 $305,000 $292,500 $265,000 $244,000
Median* Days on Market 84 69 70 117 113 89 105 123
Total Condos SOLD 354 348 407 304 271 259 345 299

 

Through November 2019, condo prices are up 14% over year-end 2018. The trend indicates roughly 11% more condos will sell in 2019, and those that do sell are taking 21% longer to sell than in 2018.

 

 

Single-Family Homes

 

Through 11/30/19 2018 2017 2016 2015 2014 2013 2012
Median* Sold Price $767,625 $890,000 $750,000 $682,500 $694,400 $619,000 $580,000 $575,000
Median* Days on Market 96 113 131 132 165 145 103 181
Total SF Homes Sold 88 87 95 98 91 85 90 91

 

Through November 2019, single family home prices are down approximately 16% from year-end 2018. The trend for 2019 indicates roughly 10% more single family homes will sell in 2019 as in 2018. Those that do sell are selling approximately 17% faster than in 2018.

 

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

 

Currently Listed Condos Single-Family Homes
Median Price* $462,000

UP from $425,000 in November

$1,050,000

UP from $989,499 in November

Median Days on Market* 96

DOWN from 106 in November

125

UP from 118 in November

Total Available December 1** 66

DOWN from 84 in November

64

DOWN from 66 in November

 

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

 

**Total Available excludes properties currently under contract.

 

 

Download PDF report.

 

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