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2020 Spring Market Update

It’s that time of year again, time to look back at what’s been happening in our market! How did COVID-19 affect our local spring market? How much has the average sale price of homes increased? Keep reading to find out.

 

2020 SPRING MARKET REPORT

 

 

Stats are provided by the MLS (Multiple Listing Service). All statistics are based on all MLS listed Residential and Condominium sales.

 

2020 started as a normal year in our local real estate market until Covid-19 arrived, and we have felt an impact the way almost every other industry has. Covid-19 considerably slowed down activity in April when it would be typically increasing, and has caused some homes to take a little longer to sell. However, prices have not dropped. May has returned to a usual busy market with strong demand.

 

 

The first-time home buyer price category of the $200,000-$260,000 range continues to remain in the strongest demand. Overall, the biggest difference in the market from 2019 is the average sale price that has increased significantly, showing that these communities continue to be an attractive place to live.