Home Sales Surging This Summer

 

Climbing home sales and #homevalues are strong signs that the #housingmarket is recovering, nationwide.
Here in #SouthernNevada, the #resalehome market experienced greater sales activity but a sharp decrease in the number of listings from May 2020 to June 2020. #Values are up but #Sales are down. Our Single-family median prices increased 6.9% on the year to a new record high of $325,000 for June 2020, marking the second consecutive month in which a new high was reported for the month. 

The month-to-month sales increase likely reflects a shift in demand from the traditionally strong spring months due to the impacts sourced to the COVID-19 health crisis.
Although values are up, we are experiencing a decrease in sales activity which is not that surprising given the issues of this time. Despite an increase from the preceding month, overall sales volumes fell short of the same period of the prior year. In June 2020, combined closing volumes were down 19% from a year ago (single-family and condominium/townhouse), and the total number of units available was down 31% to 6,695 units.

In the single-family market, a total of 2,464 units were sold (-15% on the year) with 5,079 units available (-35% on the year), equating to an effective inventory of 2.1 months (down from 2.7 months a year ago).

#Letsconnect to plan the best way for you to move forward in your #realestate goals this year.

🗝🗝 #readytobuyorsell
  #call. 702.417.2813
📲  #text 702.417.2813 or
👩‍💻  #email LVRETAMMY@GMAIL.COM
#lvretammy #realtorlife #lvrealestate #lasvegasrealestate #lasvegasrealtor #realtorlife #realtor
🇺🇸#VAREP #VABUYERSAGENT #VA #buyersagent #ListingAgent #NellisAFB #CreechAFB #PCS #relocation #militaryreferral #militarymove #militarybrat #militarywife