Development Trends Sheet
As the shelter-in-place order began to ease in May, new construction activity slightly ticked up from its April plunge with 7 contracts signed. Resale inventory had a notable increase at 51% YoY, to 501 listings, as confidence slowly builds from April.
Learn more about how individual neighborhoods and projects have performed in May’s report.
In what is typically the start of the spring selling season, transaction activity and recorded closings plummeted as the shelter-in-place order took hold of Apr ‘20. The Compass Condominium Price Tracker remained positive with an uptick of 0.9% YoY to $1,234/SF.
Find out more about how individual neighborhoods and projects have performed in April’s report.