Pending sales were down -41.4% in April (compared to April 2019). This stat changed the most compared to all the other metrics, and is a reflection of the COVID-19 crisis. There are also fewer new listings, which are down -29.3%. The average sales price increased +5.6%. Although April was slower than usual, prices are still creeping up. However, inventory is down again, -11.9%. There is only a 2.4 month supply of inventory, which is extremely low. This is an indication that we are still in a strong seller's market right now, and interest rates are at all time lows!is
All data from Triad MLS. Report © 2020 ShowingTime.