May Market Update
THE QUESTION WE ALWAYS GET ASKED IS – HOW’S THE MARKET?!
⬆️ Watch the video to find out how COVID-19 is affecting the current market & inventory and how mortgage loans are changing! ⬆️
The average sales price is $298,000 ?
Single-family home sales in the month of May were down 20.2% compared to last year’s sales with 6,671 units sold, but up from last month.
Total property sales went down by 20.6% with just under 8,000 units sold. Days on Market increased from 54 to 58 days.
However, there are 2,000 more properties pending in May 2020 compared to 2019. ??
Although COVID 19 did take its toll on the market, showings and pending properties are UP, and inventory is still LOW!
It’s still been a STRONG year and there are great reasons to list now to take advantage of the low inventory or to buy to take advantage of the low interest rates! ??
Contact us today for a real estate buying or selling consultation. info@bridgegrouptx.com | 281-785-1456
