Detached Home Sales
29% increase in Units from 69 to 97
27% Increase in Marketing Time from 44 Days to 56
27% Increase in Sales Price from $286,874 to $350,415
Attached Home Sales
28% Increase in Units from 35 to 45
+/- 50% Decrease in Marketing Time from 97 Days to 46
12% Increase in Sales Price from $201,166 to $226,096
Current Market
199 Active Residential Properties
468 Contingent Residential Properties
1.25 Months Inventory = Seller’s Market
Takeaways
We are starting to compare Covid to Covid markets. June statistics, however, will give us a more apples to apples comparison.
The market has not yet opened up with an increase in listings. Typically buyers slow down this time of year, but we will see what happens as we approach the mid-summer months.
First-time buyers and those looking in a price range under $250,000 are still in a highly competitive, very frustrating market.
Further Thoughts
My narrative has not changed in the last several months. This is a precarious market and can be frustrating for both buyers and sellers, especially sellers who would need to find a home to move in to. Consider holding off if that’s an option. If it isn’t, be sure to find a professional you trust and feel comfortable navigating through such turbulent waters with. It could mean the difference between a successful transaction and one that yields nothing but frustration and dead ends. And nobody wants that, now do they…
Never high-pressure sales. Always high-quality service. Ready to elevate your real estate experience? We can be reached by phone at 304-241-7500, email at info@whitediamondrealty.net, or online at whitediamondrealty.net. Feel free to connect with us on Twitter, Instagram, and Facebook, too! Just search and follow White Diamond Realty LLC to get updates on all things real estate and our community as a whole. Tune in next month to see how the June market looks and in the meantime double up on that sunscreen and don those big floppy hats!
304.241.7500
Melissa Hornbeck, Broker
WhiteDiamondRealty.net
1399 Stewartstown Road, Suite 300 Morgantown, WV 26505
