Home Sales Down 33% in May, Still Up in 2020

Home Sales Down 33% in May, Still Up in 2020

Sales of existing single-family homes in Leon county were down 33.4% when compared to numbers sold in the same month one year ago. There were 344 single-family home resales in May 2019 and 229 resales in May 2020. Last month there were 268 existing single-family homes sold.

The average sales price in May 2020 increased 1.0% from $264,543 to $267,189 one year ago.

Annual trends show that single-family home sales came in at an annual rate of 3,153 in May. The May annual rate of sales is 3.1% above the annual rate of 3,025 reported one year ago. The annual rate of sales last months was 3,268.

The chart below shows the annual rate of single family sales in Leon county over the last 36 months.

The average price of homes sold over the last twelve months in Leon county was $271,476. This is 3.1% above the average sales price of $263,202 reported one year ago.

The average sales price chart below shows the 12-month and 3-month average sales price of single-family homes in Leon county over the last three years.

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