This graph and data can be daunting to view and interpret. Here is my summary:
April 2020 (our current month) vs March 2020 (previous month.)
13 more houses for sale in Franklin and Delaware counties. This means that a negligible amount of new homes entered the market for sale.
154 fewer houses sold. This makes sense as job losses and uncertainties caused some buyers to cancel contracts.
142 more houses went into contract. Not many but despite the market uncertainty, MORE buyers went into contract to buy in April than they did in March. Interesting.
April 2020 (our current month) vs April 2019 (last year)
310 fewer homes for sale.
248 fewer homes sold
51 fewer homes went into contract. So, even though there were more pending sales compared to March, the total is down from April 2019.
Year-to-date sales are up. A strong January, February, March have carried through April despite the lower April numbers.
Total pending year-to-date is up 5.2% or 332 units.
Buyer demand remains high in some price ranges and supply low. That is keeping prices high.
I know this is a lot of detailed information. If you would like to review in more detail together and how this may affect your home or future plans, please contact me directly 614-568-9607 and susanne@susannecasey.com.