Healthy buyer demand and constrained supply continue to be the story for
much of the country. Nationally, showing activity in July remained
substantially higher than a year before and multiple offer situations are a
frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.
- July 2020 average sales price for new & existing homes combined ($283,683) is 11.4 percent higher than July 2019.
- There were 4,625 home sales (new & existing combined) for July 2020, which is 8.6 percent higher than last July (4,259).
- Home inventory (new & existing combined) for July 2020 (5,014) is 45.7 percent lower compared to July 2019 (9,237).
- The supply of new and existing homes for July 2020 is currently 1.5 months.
LK Marketing and Real Estate 
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