Housing Market Update April 2020

Hi, I’m Diana Benson here with your market update for April 2020. Let’s see what’s happening. Right now there are about 18,000 listings. This is up by a couple thousand from last month. Last year at this time there were 23,000 listings. So we’re still quite a bit lower than we were about a year ago.

Currently, there are 5900 pending sales. That’s down by a couple thousand. So far there were 8500 sales for the month. This is an increase from a month ago. But this reflects the activity from a prior month that actually just closed this month. So far there’s been 101,000 sales for the year. This is quite a bit higher than last year at this time with only 93,000 sales and there’s a two-month supply. You can see that two months of supply has been pretty steady over the last year. Six months is a typical inventory for a normal market. So that means we’re still in a seller’s market.

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