Details for MARION HOUSE ADS/NO CHARGE

Updated

Local Market Update for July 2020

A research tool provided by the Canopy Realtor® Association
FOR MORE INFORMATION, CONTACT A REALTOR®

McDowell County
North Carolina

July
Key Metrics

2019

2020

Year to Date
Percent Change

Thru 7-2019

Thru 7-2020

Percent Change

New Listings

51

44

- 13.7%

354

281

- 20.6%

Pending Sales

40

47

+ 17.5%

203

259

+ 27.6%

Closed Sales

28

39

+ 39.3%

156

220

+ 41.0%

Median Sales Price*

$174,500

$215,000

+ 23.2%

$170,000

$172,500

+ 1.5%

Average Sales Price*

$245,358

$266,683

+ 8.7%

$205,235

$218,220

+ 6.3%

93.9%

94.5%

+ 0.6%

94.8%

93.1%

- 1.8%

List to Close

86

139

+ 61.6%

101

133

+ 31.7%

Days on Market Until Sale

45

91

+ 102.2%

55

83

+ 50.9%

Cumulative Days on Market Until Sale

45

96

+ 113.3%

58

94

+ 62.1%

Percent of Original List Price Received*

Average List Price

$219,981

$367,749

+ 67.2%

$278,891

$309,192

+ 10.9%

Inventory of Homes for Sale

222

111

- 50.0%

--

--

--

Months Supply of Inventory

9.3

3.1

- 66.7%

--

--

--

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

July

2019

39

51

44

2020

9.3

$215,000
$174,500

28

3.1

- 13.7%

+ 39.3%

New Listings

+ 23.2%

Closed Sales

Historical Median Sales Price

Median Sales Price*

Rolling 12-Month Calculation

- 66.7%

Months Supply of Inventory
Entire Canopy MLS Area —
McDowell County —

$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

1-2020

Current as of August 5, 2020. All data from Canopy MLS, Inc. Report provided by the Canopy Realtor® Association. Report © 2020 ShowingTime.

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