We made it through the year-long month of April! Let's take a look and see how COVID-19 affected the local real estate market.
Average sales prices in April 2020 were 12% higher at $274,466 over the April 2019 average sales price of $244,954. The Sale Price/List Price ratio remained steady at 98.68%. The average days on the market were down by 10 days to 62 in April of 2020 as well. That was the good news. The bad news is that new listings were down 23% while sales were down 24%. April is one of our busiest months. In 2019 we saw 225 homes enter the market in April. There is still a 3.5 month supply of homes on the market in Ascension. Buyers are still in the driver's seat so if you are in the market to sell, make sure that your…
6651 Views, 0 Comments