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After the market bottomed out in mid-April, it sure came roaring back:

Year
# of June Sales
Avg. LP/sf
Median Sales Price
MSP/MLP Ratio
2016
312
$507/sf
$1,200,000
96.3%
2017
363
$529/sf
$1,260,523
97.0%
2018
299
$606/sf
$1,350,000
100.0%
2019
283
$527/sf
$1,250,000
96.5%
2020
275
$595/sf
$1,367,500
99.5%

The 275 sales last month were almost double the count in May (141), and is in line with what we probably would have had without the pandemic (which would have had slightly higher rates and inventory). Pricing year-over-year rose significantly too!

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