Ballantyne remained a seller’s market in May 2020. Months supply of inventory was sharply down (47.8%) compared with May 2019 to 1.2 months. Housing inventory was down 47.1% year-over-year, resulting in much lower days on market and higher home prices. COVID-19 restrictions contributed to lack of inventory and lower closed and pending sales in May.
Ballantyne remained a seller’s market in April 2020. Months supply of inventory was sharply down (by 42.9%) compared with April 2019 to 1.2 months. Housing inventory was down 41.4% year-over-year, resulting in much lower days on market and higher home prices. COVID-19 restrictions contributed to lack of inventory and lower closed and pending sales in April.
Ballantyne remained a seller’s market in March 2020. Months supply of inventory was sharply down (by 50%) compared with March 2019 to 1.1 months. Housing inventory was down 46.1% year-over-year, resulting in lower days on market and higher home prices. While closed sales increased, pending sales decreased, no doubt at least partially due to the lack of inventory.
Ballantyne remained a seller’s market in February 2020. Months supply of inventory was sharply down compared with February 2019 — down to under one month. Housing inventory was down 55.5% year-over-year, resulting in lower days on market. While pending sales increased, closed sales decreased, no doubt due to the lack of inventory.
