Summer 2020

Overview

The 2020 second quarter residential market shows an increase in prices and transactions, along with a decrease in average days on the market. Data shows a total of 3,556 closed sales in this quarter, representing a +48% increase from last quarter. The average days on market was 21 days, which is ten days less than last quarter. On average, homes sold for $256,736, which is an increase of $20,962 from last quarter.

 

“As we navigate the unprecedented impact of COVID 19, home has taken on added significance and there are signs that home ownership remains one of the main tenants of the American Dream”

-Mark Fleming,
Chief Economist at First American