ballantyne real estate report july 2021

Ballantyne remained a home seller’s market in July 2021. Months supply of inventory was down 50% compared with July 2020 with just a 0.7 months supply of homes. Housing inventory was down 49.4% year-over-year, resulting in fewer days on market, higher home prices with sellers receiving a median 102.5% of asking price in final sale price. Lack of inventory in the face of continued buyer demand dampened closed and pending sales.