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In June 2020, pending home sales were up 16.6% month-over-month.
June 2020 brought 4.72 million in sales, a median sales price of $295,300, and 4.0 months of inventory. The median sales price is up 3.5% year over year, and inventory is down 0.3 months from June 2019.
States with the strongest gains were Vermont (6.4%), Michigan (5.2%), Montana (4.0%), Pennsylvania (4.0%), Idaho (3.5%), South Carolina (3.5%), Tennessee (3.4%), Indiana (3.2%), Rhode Island (3.2%), and Wisconsin (3.0%).
Home showings in May 2020 were still below last year’s level, but activity picked up compared to April's, according to data from SentriLock®, LLC, a lockbox company.
Home viewings data from SentriLock®, LLC, a lockbox company, indicates a continued downward trend in home buyer traffic in April 2020 with respect to the prior month and one year ago in the wake of coronavirus social distancing measures, stay-at-home orders and the unprecedent rise in unemployment.