Summary Southern California’s real estate market continues to race ahead of last year’s performance in terms of both unit sales and prices. Building on the June’s momentum, sales of single-family homes increased by 26% and apartments by 30% on a month-to-month basis. Overall, this brings the total sales of single-family homes and apartments to 6% […]
Summary The San Francisco Bay Area has experienced one of the largest COVID-19 real estate market slowdowns in the US Sales of existing, single-family homes in May dropped 51.1% YoY; median prices also dropped Sales have dropped significantly compared to supply, which has resulted in an increase in inventory. Tech companies signaling long-term acceptance of […]
Summary Southern California has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes dropped 45.6% YoY in May Median prices were slightly higher in May compared to the same period last year The drop in sales coupled with increasing supply has resulted in increased inventory Sales […]
Summary Miami’s real estate market is showing signs of recovery from April’s sales slump Pending sales surged by 86% and new listings grew by 57.4%, bringing inventory levels slightly lower than last month’s. Total sales closed declined by 8.3% but numbers are expected to recover as pending sales are finalized Median property prices dropped slightly […]
Summary: Total properties sold declined 4% YTD compared to 2019 New listings declined 25% YTD compared to 2019 Property prices have increased 10% YoY The economic impacts of the novel coronavirus have been acute and far-reaching. In Portland, the full effects of COVID-19 on the City of Roses’ real estate market are coming to light. […]
Summary The number of new listings increased 29.2 % in May from April suggesting sellers are returning to the market. Sold prices dropped between 3-4% in May from April. All counties experienced a drop in sales in May 2020 versus May 2019; but sales increased in all but King County from April to May 2020. […]
Summary The average sold price of detached homes in the Greater Toronto Area increased by 5% in May from April but decreased 0.9% year-over-year (YoY) Sales of detached homes have decreased 50.6% YoY, but increased 52% in May from April Increases in the number of new listings and detached home sales, as well as rises […]
Key Takeaways Many experts say there is cause for optimism in the real estate market once the COVID-19 pandemic subsides. Some of the factors experts point to are: Strong financial foundation for current housing market thanks to changes made after the 2008 recession Americans cashed out $824 billion in home equity in the three years […]
