Residential Real Estate: Marketplace Stats for June 26, 2020

Housing sales

As expected due to the pandemic, the number of houses sold from March through May dropped by 10% compared with last year and the number of houses on the market dropped by 31%. However, what might be unexpected is that prices didn’t fall. In fact, the average sales price during the period—$242,065—is 9% higher than the same period last year.•

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