November ’20 Market Report

November active listings are down 49% from 2019 and will remain low through the winter and into next spring. Low inventory continues to be a leading driver in rising values, YTD average sale price is up 7% over last year. Competition among buyers looks to remain strong with new pendings still ahead of last year by 24% (slight seasonal drop of 3% month-over-month). While all price ranges remain competitive, homes priced below-$400k see the most competition with less than 0.9 months supply of inventory. Homes in the luxury market of $800k+ still remain competitive with 5.5 months supply with prices still on the rise.


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