Blog > Housing Report > Washtenaw County > Washtenaw County October 2020

Washtenaw County October 2020

Subscribe

Get the latest reports delivered straight to your inbox!

Select report(s) to receive:

Topics

660

Available Listings
-1% from last month

356

New Pendings
-2% from last month

2,534

YTD Closed Sales
-7% from last year

$361k

YTD Avg Sale Price
+3% from last year

$185

YTD Price Per Sq Ft
+1% from last year

Summary

Inventory continues to decline—it’s down 34% year-over-year. Although monthly showing activity has declined each month since June, showings continue to run 15% higher than a year ago. YOY new pendings were up 22% in August/September, but have been trending down since the beginning of October. Closed sales peaked with record highs in July. Monthly sales have been declining since, but still running 20 to 30% higher than last year. Values, which dipped during the Covid “shutdown,” have been rising. YTD average sale price and price per square foot are both up slightly, but mostly due to a shift in the product mix—fewer lower and middle-priced sales because of limited low-priced inventory.

Get the reports right in your inbox

Which report(s) would you like to receive?

Featured Stories

View all →

Home Prices Projected to Appreciate

< 1 minute The recent rebound of home sales suggests the pandemic did not derail home buyers. Home price appreciation continues at a solid pace, reflecting fundamental strength in demand and the limited [...]

Read More

Strong Housing Signals

3 minutes The housing market continues to be a bright spot for the economy with increased interest from buyers for single family housing. If homes continue to sell at the current pace, [...]

Read More

Covid Rebound Update—SF and Condos

2 minutes Inventory The number of homes for sale has slowly declined since June and is down 25% since this time last year. Inventory shortages are more severe for single family homes [...]

Read More

View all featured stories →