Found 1 blog entry tagged as #Home Inventory.

Among Single-Family listings there has been a 7 % decline in listings under contract between April 1 and May 1. This is the opposite of last year when we saw a 7 % increase. Obviously the difference between this year and last was primarily caused by the COVID-19 Pandemic. However, we can see it did not affect all price ranges equally. The price range under $225K was little affected, being constrained by the lack of supply. The lower mid-range from $225K to $350K did relatively well with almost no decline in 2020. Above $350K things got a lot worse. The upper mid-range from $350K to $600K was booming last year with listings under contract gaining a massive 14% during April. This year it dropped 10%. The top end over $600K took a bigger hit, with a drop of…

1439 Views, 0 Comments