Graphic by Owensboro Times

The Better Owensboro Realtor Association introduced a five-12 months history for July home product sales, reporting a lot more than $34 million in product sales quantity for the month. Reps with GORA cited historic lows for mortgage costs and inventory as creating increased-than-typical desire for homebuyers. 

GORA’s studies clearly show that units offered for the duration of the month of July (192) exceeded the amount offered in each individual of the very first six months this 12 months, many of which saw history-breaking product sales volumes as perfectly.

“Our membership studies staying busier than ever, and the stats tell the exact story,” stated Karen Gross, president of GORA. “July 2020 saw a five-12 months significant of 192 residences offered. With around $34 million in product sales quantity, July 2020 was practically $10 million forward of previous 12 months.” 

The typical selling price residences offered for in July 2020 ($178,776) also surpassed July 2019 ($158,522) by $20,000 a unit, incorporating to the overall raise in product sales quantity from 12 months to 12 months. 

The amount of active listings in July 2020 was 236 fewer than the amount of active listings in July 2019.

“Inventory and mortgage costs continue on to be at historical lows. Demand from customers is significant and residences getting into the sector are typically less than deal in just a couple of times,” stated Jason Bellamy, GORA’s president-elect.  

By Lela