Serving Realtors in Cambria and Somerset Counties
The Cambria Somerset RPR Market Data Report for January to June 2020 shows that COVID-19 made quite an impact on real estate. When compared to the same months in 2019 new listings started out slightly higher in 2020 but then fell greatly in March with a 37% decrease of new listings this March verses last. April hit hard with a 92% decrease in new listings verses April 2019. May saw a 31% decrease but in June recovery started and there was only a 5% decrease in new listings for June 2020 over June 2019.
Once restrictions eased in Cambria and Somerset Counties buyers were eager to continue their home search. Pending home sales in April were only 50% of last April but by June pending home sales for June 2020 exceeded June 2019 by 42%. At the end of June there were 45 listings pending in the 15905 zip code making it the most active zip code of our area including 17 closings in June.
For a complete look at the market contact a CSAR Realtor.
Data presented by and prepared for Cambria Somerset Association of REALTORS. Prepared by Realtor Property Resource LLC, Copyright 2020, All rights reserved. Information is deemed accurate but not guaranteed. Equal Housing Opportunity.
The Cambria Somerset Association of REALTORS® is the voice for real estate in Cambria and Somerset Counties.
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