Washtenaw County August 2020
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751
Available Listings
-1% from last month
385
New Pendings
+5% from last month
1,740
YTD Closed Sales
-15% from last year
$330k
YTD Avg Sale Price
+4% from last year
$182
YTD Price Per Sq Ft
+1% from last year
Summary
Although inventory is down 26%, both daily showing and new pending activity have been up compared to last year. July new pendings and closed sales were up 5% and 35% compared to the prior month and both were higher than the same month last year. August daily pendings have been declining. That slowdown will lead to a fewer September and October closed sales. YTD average sale price is up 4% compared to last year, but that’s mainly due to fewer low-priced sales in the mix. Price per square foot for closed sales over $300k is down 4%.
