Washtenaw County September 2020
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668
Available Listings
-11% from last month
364
New Pendings
-5% from last month
2,150
YTD Closed Sales
-11% from last year
$360k
YTD Avg Sale Price
+3% from last year
$184
YTD Price Per Sq Ft
no change from last year
Summary
September showings are up 17%. Inventory continues to decline compared to last month and is down 30% from 2019. As is typical for the season, showings and new pendings are both declining. Compared to this time last year, recent showings have been up 17% but pendings have been down since early September. Following July’s record-high sales, August closed sales dropped. With fewer new pendings, expect September and October sales to also decline. YTD closed sales are down 11% but that gap continues to narrow. While YTD average sale price is up 4%, price per square foot is even among all price ranges, except the over-$300k range where it’s down 3%.
