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Market Memo – June 2020 Data

Wednesday, July 1, 2020

TWG’s Lenawee County Monthly Market Statistics from May to June 2020 indicate that properties in the 12 school districts are reflecting a negative impact with the COVID-19 shutdown. Lenawee County average sold prices dropped $21,040.00.

The number of new active listings declined significantly over the previous month. This scenario plays into increasing buyer pent-up demand right now. 54 more properties sold in June than in May, a positive result from allowing the real estate biz to start up again!

The average listing price of Lenawee County rose $15,155.31 in June over the previous month. This is also a good sign that the market is still recovering. 

June sold data also reveals that the days on market dropped by 12 days over May. It will be interesting to see what the July data will show us!

If you are thinking of entering the market to purchase a home, let TWG help you! Interest rates are unbelievably low! Let’s get started today! Simply give us a call at 517-265-6000 or email admin@thewagleygroup.com!