Davidson, NC Real Estate Report – August 2020 – Hot!!

Davidson, NC       We are in crazy times as we adjust to Covid-19.  We are in crazier times when we realize how hot the Davidson real estate market is.  We are seeing multiple offers, new pricing highs, record low inventory and homes selling sight unseen.  Check out the charts below to see this illustrated graphically.

DavMonth

Anything less that 6 months supply indicates a seller’s market.  We are seeing multiple offers.  Sight unseen offers.  All indicate an excellent time to be a seller.

DavNewlistings

While this upper chart indicates a rise in New Listings, the truth is that there are only 68 homes for sale and 25 townhomes and condos for sale in Davidson today.  This is an historically low inventory.  Another indicator of a seller’s market.  See below.

DavHomes for Sale

DavPendingSales

Homes are selling fast in Davidson despite the pandemic.  We are seeing buyers from all over the country.

DavPPSft

This chart is a little misleading.  We are seeing records in the high end of the market while the average is being lowered with new construction in Westbranch, Kenmare and Davidson East.

DaysofMkt

Days on Market indicates how quickly homes are selling.

Showingtime

We can see in North Carolina showings are back to levels we saw last year following a significant drop in March and April due to Covid-19.

Conclusion:  Now is a great time to sell if you are thinking about listing your home.  We are following strict protocols when showing homes; online viewings, requiring masks, requiring disinfectants, shoes removed.

Complied by Clark Goff – Allen Tate Davidson   704 996-0948  clark.goff@allentate.com  my website

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