Housing Report

The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market.
New listings decreased 2.3 percent for residential homes but increased 3.9 percent for townhouse/condo homes. Pending Sales increased 26.9 percent for residential homes and 18.6 percent for townhouse/condo homes. Inventory decreased 35.2 percent for residential homes and eight percent for townhouse/condo homes.
Median sales price increased 11.4 percent to $245,000 for residential homes and 9.3 percent to $186,000 for townhouse/condo homes. Days on market decreased 14.3 percent for residential homes and 12.2 percent for townhouse/condo homes. Months supply of inventory decreased 36.7 percent for Residential homes but remained flat for townhouse/condo homes.
As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term.

 

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Housing Report Infographic 01

2020 Housing Reports Archive

July
July 2020 Infographic
July MARIS Stats

June
June 2020 Infographic
June MARIS Stats

May
May 2020 Infographic
May MARIS Stats

April
April 2020 Infographic
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March
March 2020 Infographic
March MARIS Stats

February
February 2020 Infographic
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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
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April
April 2019 Infographic
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March
March 2019 Infographic
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February
February 2019 Infographic
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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