SCCL Sales Update 7/9/2020

June was an active month for home sales here in SCCL and inventory is now extremely low. If you have been considering selling your home, now might be a great time to put it on the market.

 

Be sure to check UP-TO-DATE STATS FOR SCCL tab 

above for most current stats.

 Home Inventory Determines What Kind of Market We Are In

Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.

• Less than 6 months of inventory = Seller's Market with upward pressure on prices
• More than 6 months of inventory = Buyer's Market with downward pressure on prices.

The charts below are based on what had been reported at the end of June, however, sometimes closing information isn't posted for several days and the chart may be off slightly.  Be sure to check the interactive versions of these charts using the STATS tab above.
 

 

Single Family Homes = 2.5 month supply at the end of June

Carriage Homes & Villas = 3.5 month supply at end of June