While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.
• Single Family Closed Sales were down 17.3% to 6,833.
• Townhouse-Condo Closed Sales were down 32.5% to 1,572.
• Adult Communities Closed Sales were down 34.5% to 469.
• Single Family Median Sales Price increased 1.7% to $355,000.
• Townhouse-Condo Median Sales Price increased 2.6% to $277,000.
• Adult Communities Median Sales Price decreased 4.5% to $210,000.
While buyer activity continues to be robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Many housing experts believe sellers remain reluctant to list their homes due to continued concerns over COVID-19, which was beginning to see a resurgence in June. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season.