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.
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