Summer Buyer Activity Slower in North Bethany
Posted by Leslie Kopp on
While real estate activity in North Bethany was relatively flat through this past May, we experienced an inventory deficit and a slowdown in activity this summer. In June and July, 3 properties went under contract in North Bethany, compared to 8 during the same period last year.
As the chart illustrates, total sales are down 5% year-to-date, while sales volume is down 36%. Inventory is down 29% compared to the same time last year, and properties are staying on the market longer, with 25 days as the median days-to-contract.
So far this year, our group has participated in more than 43% of single-family home sales in North Bethany. If we can provide you with any real estate guidance as a buyer or seller, please give us a call.
Leslie Kopp …
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