Housing Report

Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling.

New listings increased 9.3 percent for residential homes and 21.2 percent for townhouse/condo homes. Pending sales increased 21.4 percent for residential homes and 21.8 percent for townhouse/condo homes. Inventory decreased 32.8 percent for residential homes and 3.2 percent for townhouse/condo homes.

Median sales price increased 19.5 percent to $245,000 for residential homes and 5.6 percent to $174,000 for townhouse/condo homes. Days on market decreased 20.9 percent for residential homes and 12.8 percent for townhouse/condo homes. Months supply of inventory decreased 33.3 percent for residential homes but remained flat for townhouse/condo homes.

While mortgage rates remain near record lows, the Mortgage Bankers Association reports that lending standards are tightening, which makes it a bit more difficult for some buyers to qualify. At the same time, unemployment remains substantially higher than a year ago due to COVID-19. Despite all this, buyers are out in full force this fall, showing amazing resilience in the middle of a pandemic.

 

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Housing Report Infographic 01
 

2020 Housing Reports Archive

August
August 2020 Infographic
August MARIS Stats

July
July 2020 Infographic
July MARIS Stats

June
June 2020 Infographic
June MARIS Stats

May
May 2020 Infographic
May MARIS Stats

April
April 2020 Infographic
April MARIS Stats

March
March 2020 Infographic
March MARIS Stats

February
February 2020 Infographic
February MARIS Stats

January
January 2020 Infographic
January MARIS Stats

2019 Housing Reports Archive

December
December 2019 Infographic
December MARIS Stats

November
November 2019 Infographic
November MARIS Stats

October
October 2019 Infographic
October MARIS Stats

September
September 2019 Infographic
September MARIS Stats

August
August 2019 Infographic
August MARIS Stats

July
July 2019 Infographic
July MARIS Stats

June
June 2019 Infographic
June MARIS Stats

May
May 2019 Infographic
May MARIS Stats

April
April 2019 Infographic
April MARIS Stats

March
March 2019 Infographic
March MARIS Stats

February
February 2019 Infographic
February MARIS Stats

January
January 2019 Infographic
January MARIS Stats

2018 Housing Reports Archive

December
December 2018 Infographic
December MARIS Stats

November
November 2018 News Release
November 2018 Infographic
November MARIS Stats
November 2018 Video

October
October 2018 News Release
October 2018 Infographic
October MARIS Stats
October 2018 Video

September
September 2018 News Release
September 2018 Infographic
September MARIS Stats
September 2018 Video

August
August 2018 News Release
August 2018 Infographic
August MARIS Stats
August 2018 Video

July
July 2018 News Release
July 2018 Infographic
July MARIS Stats
July 2018 Video

June
June 2018 News Release
June 2018 Infographic
June MARIS Stats
June 2018 Video

May
May 2018 News Release
May 2018 Infographic
May 2018 MARIS Stats
May 2018 Video

April
April 2018 News Release
April 2018 Infographic
April 2018 MARIS Stats
April 2018 Video

March
March 2018 News Release
March 2018 Infographic
March 2018 MARIS Stats
March 2018 Video