|MEDIAN SOLD PRICE||$182,000|
|AVERAGE SOLD PRICE||$232,549|
|MEDIAN % ORIGINAL LIST PRICE||97.3 %|
|MEDIAN TIME TO CONTRACT||58 days|
|MEDIAN TIME TO SALE||110 days|
|NEW PENDING SALES||568|
|MONTHS SUPPLY OF INVENTORY||3.1 months|
Sales in April were very good because contracts that closed in April were written in February or very early March. Here in Florida real estate is considered an essential business and did not shut down. Every day I look at the MLS and there are at least couple of dozen homes that go Pending. Pending sales are a better gauge of the market than closed sales. March 2020 Pending sales were 627 and April 568. That is a significant drop. I was just surprised anyone is buying anything at all in March. New listing in March were 697 and April 666. Not a big drop. Inventory is low at only 3.1 months. Low inventory is significant. This is totally different that the real estate crash in 2008. I think there will be a large rebound in sales either this summer or definitely this fall. A lot depends on when northern states open up and people up there can sell their homes.