Housing Report

While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.

New listings decreased 5.3 percent for residential homes but increased 1.4 percent for townhouse/condo homes. Pending sales increased 12.6 percent for residential homes and 17 percent for townhouse/condo homes. Inventory decreased 31.3 percent for residential homes and 11.2 percent for townhouse/condo homes.

Median sales price remained flat at $235,300 for residential homes but increased 9.5 percent to $180,000 for townhouse/condo properties. Days on market increased 2.6 percent for residential homes but remained flat for townhouse/condo homes. Months supply of inventory decreased 30.0 percent for residential homes and 3.7 percent for townhouse/condo homes.

While buyer activity continues to be robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Many housing experts believe sellers remain reluctant to list their homes due to continued concerns over COVID-19, which was beginning to see a resurgence in June. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season.

 

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Housing Report Infographic 01
Housing Report Infographic 01

2020 Housing Reports Archive

May
May 2020 Infographic
May MARIS Stats

April
April 2020 Infographic
April MARIS Stats

March
March 2020 Infographic
March MARIS Stats

February
February 2020 Infographic
February MARIS Stats

January
January 2020 Infographic
January MARIS Stats

2019 Housing Reports Archive

December
December 2019 Infographic
December MARIS Stats

November
November 2019 Infographic
November MARIS Stats

October
October 2019 Infographic
October MARIS Stats

September
September 2019 Infographic
September MARIS Stats

August
August 2019 Infographic
August MARIS Stats

July
July 2019 Infographic
July MARIS Stats

June
June 2019 Infographic
June MARIS Stats

May
May 2019 Infographic
May MARIS Stats

April
April 2019 Infographic
April MARIS Stats

March
March 2019 Infographic
March MARIS Stats

February
February 2019 Infographic
February MARIS Stats

January
January 2019 Infographic
January MARIS Stats

2018 Housing Reports Archive

December
December 2018 Infographic
December MARIS Stats

November
November 2018 News Release
November 2018 Infographic
November MARIS Stats
November 2018 Video

October
October 2018 News Release
October 2018 Infographic
October MARIS Stats
October 2018 Video

September
September 2018 News Release
September 2018 Infographic
September MARIS Stats
September 2018 Video

August
August 2018 News Release
August 2018 Infographic
August MARIS Stats
August 2018 Video

July
July 2018 News Release
July 2018 Infographic
July MARIS Stats
July 2018 Video

June
June 2018 News Release
June 2018 Infographic
June MARIS Stats
June 2018 Video

May
May 2018 News Release
May 2018 Infographic
May 2018 MARIS Stats
May 2018 Video

April
April 2018 News Release
April 2018 Infographic
April 2018 MARIS Stats
April 2018 Video

March
March 2018 News Release
March 2018 Infographic
March 2018 MARIS Stats
March 2018 Video