5/10/2021 01:38:00 PM
Note: Remember, sales were weak in April last year, so the year-over-year comparison is especially strong this month. I m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the GAMLS for Atlanta:
Total Residential Units Sold in April 2021 were 8,925, up 31.9% from 6,766 in April 2020.
Active Residential Listings in April 2021 were 6,964, down 64.6% from 19,697 in April 2020. Inventory was down 6.1% from 7,418 last month.
Months of Supply was 0.82 Months in April 2021, compared to 2.54 Months in April 2020.
Click on graph for larger image.
This graph from the Georgia MLS shows inventory in Atlanta over the last several years - and the sharp decline in inventory at the start of the pandemic.
5/05/2021 02:29:00 PM
Note: I m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the DMAR: Monthly Indicators, April 2021
Total Residential Units Sold in April 2021 were 5,088, up 28.5% from 3,961 in April 2020.
Active Residential Listings in April 2021 were 2,594, up from 1,921 last month, and down 62.2% from 6,855 in April 2020.
Inventory in Denver had been fairly steady over the last 6 or 7 years, but declined sharply in 2020. There was a seasonal increase from March to April, but this is still the lowest level of inventory for April on record.
Interesting - In April, half the homes listed were sold (under contract) within four days!