June 2020 Market Update

Despite unprecedented challenges we’ve seen in the real estate market with Covid-19, MLS data is indicating upward momentum and a positive outlook for brokers, agents, and consumers.

MLS Data Indicates a Solid Recovery in the Housing Market

New listings are gaining ground, as MLS data reports show a healthy increase in the market within our coverage area over the past four weeks. Inventory remains competitive, and buyers are out looking again (with low-interest rates prompting action, too).

2020 Pending Sales Outpace 2019 Stats

Pending sales are currently outpacing 2019. Compared to the current year, we see double-digit gains when comparing the current week to the prior 4-week and 8-week data sets. All signs point an improving real estate market!

Credit: Stellar MLS