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HSV August 2020 Real Estate Update

While I am only doing my full report quarterly now, here are some metrics for where we are this year compared to the same period last year:

20192020
Inventory (For Sale)183100
Sold – Houses (H)346349
Sold – Townhomes (TH) 4846
Under Contract/Taking *BU’s – H68122
Under Contract/Taking *BU’s – TH1411

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As you can see, our inventory remains very low, but actual sales are tracking at the same level as 2019. What is interesting are the units in some form of the closing phase. The conclusion I draw from the number in the closing process is that COVID-19 has substantially impacted title companies getting through the closing process.    

By Lloyd Sherman, August 1, 2020

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Click here to read Sherman’s real estate report from July 2019.

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