Second Quarter Recap of 2019

Welcome to your quarterly housing update for 2019! Inventory is definitely rising and sales are down a bit but here are the key statistics to keep in mind as we compare the second quarter of 2019 with the second quarter of 2018:

Quarter 2, 2019 v Q2, 2018

  • 2.5% decrease in active inventory: 390 homes on the market in the second quarter compared to 400 last year 

  • 36% decrease in the number of homes sold: 138 homes sold in the second quarter compared to 187 last year

  • 2% decrease in average sales price: Average sales price of 145K in the second quarter compared to $148K last year

2019: Quarter 1 v Quarter 2

That being said, when you compare 2019’s second quarter with the first quarter, we see the following trends:

  • Active inventory up by 10%

  • Number of sold homes up by 4%

  • Sales prices up by 5%

  • Days on market up by 16%

So, what does all this mean? As we compare this quarter the market has shifted considerably significantly, but as we compare Q1 to Q2 in 2019 I think we’re still in a seller’s market and you can still get your home sold fairly quickly.