June 2020 Market Reports

Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers. While buyer activity continues to be robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season. For the 12-month period spanning July 2019 through June 2020, Pending Sales in the Western Upstate region were up 1.6 percent overall.

The price range with the largest gain in sales was the $200,001 to $300,000 range, where they increased 17.4 percent.

The overall Median Sales Price was up 8.5 percent to $189,900. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 8.9 percent to $194,900. The price range that tended to sell the quickest was the $100,000 and Below range at 74 days; the price range that tended to sell the slowest was the $300,001 and Above range at 114 days.

Market-wide, inventory levels were down 13.7 percent. The property type that gained the most inventory was the Condos segment, where it increased 2.9 percent. That amounts to 3.3 months supply for SingleFamily homes and 5.0 months supply for Condos.

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