559 closed sales of single family homes on less than one acre, including condominiums were reported for March 2020. Closed sales are up 19.4% when compared to March 2019 when 468 closed sales were reported. The average sales price for March 2020 was $308,012 up 14.3% over March 2019’s average sales price of $269,444. The median sales price was $289,900 up 18.1% over March 2019’s median sales price of $245,400.
Year to date or first quarter closed sales total 1,458 up 17.6% over the first quarter closed sales for 2019 of 1,240. First quarter average closed sales price was $293,695 up 11.9% over last year’s first quarter average closed sales price of $262,397. The first quarter median closed sales price this year was $275,000 compared to last year when the median price for closed sales was $240,000, an increase of 14.6%.
Inventory improved by 11.1% over last year at this time, 993 compared to 893. This comparison is under the old system because our new system wasn’t implemented until August of 2019. Months supply remains tight at 1.1 months supply. New construction closed sales are up significantly through the first quarter 245 v. 154, an increase of 59.1%.
Active |
New |
Expired |
Pending |
Closed |
Average |
Median |
Total |
New Home | ||
Apr 19 | 1,083 | 967 | 65 | 608 | 568 | $273,820 | $254,975 | $155,529,872 | 75 | |
May 19 | 1,219 | 1,125 | 71 | 741 | 685 | $285,265 | $263,000 | $195,406,771 | 75 | |
Jun 19 | 1,335 | 1,067 | 71 | 681 | 764 | $289,308 | $265,000 | $221,031,325 | 64 | |
Jul 19 | 1,428 | 1,205 | 103 | 786 | 850 | $298,337 | $246,250 | $246,515,792 | 96 | |
Aug 19 | 961 | 1,100 | 96 | 1,003 | 869 | $288,256 | $267,000 | $250,494,521 | 81 | |
Sep 19 | 977 | 919 | 93 | 769 | 799 | $289,395 | $267,500 | $231,226,829 | 92 | |
Oct 19 | 945 | 800 | 128 | 702 | 846 | $287,985 | $265,000 | $243,635,439 | 113 | |
Nov 19 | 757 | 578 | 143 | 592 | 615 | $279,749 | $265,000 | $172,045,694 | 83 | |
Dec 19 | 596 | 398 | 152 | 478 | 674 | $288,788 | $257,750 | $194,643,761 | 92 | |
Jan 20 | 457 | 619 | 97 | 538 | 432 | $285,887 | $273,418 | $123,503,439 | 72 | |
Feb 20 | 452 | 658 | 55 | 608 | 421 | $288,091 | $268,675 | $121,286,1019 | 73 | |
Mar 19 | 894 | 720 | 43 | 474 | 459 | $270,190 | $245,800 | $124,017,397 | 43 | |
Mar 20 | 592 | 841 | 38 | 626 | 559 | $308,012 | $289,900 | $172,178,854 | 91 | |
YTD 20 | N/A | 2,118 | 190 | 1,772 | 1,458 | $293,695 | $275,000 | $428,208,008 | 25 | |
YTD 19 | N/A | 1,846 | 206 | 1,246 | 1.240 | $262,397 | $240,000 | $325,372,975 | 154 |