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The Lockwood Report: Daily Damascus Housing Market Update for Sep 28th, 2020As of Monday, Sep 28th, 2020, in Damascus there are a total of 20 active residential homes for sale, 32 pending listings and 20 properties sold in the most recent 30 day period. The average list price for all active residential listings in Damascus is $768,407, while the average asking price for properties new on market in the last 30 days is $532,111. Residential homes for sale in Damascus sold higher than asking price for this month, at an average selling price of $541,453 while new-to-market listings had lower asking prices averaging $532,111.
Homes for sale in Damascus are currently selling faster than new listings are coming on the market. For the most recent 30 day period, 20 properties sold and 14 came on the market. In summary, homes sold outpaced new listings by 6. As a point of reference, in the month prior, there were 24 sold listings and 26 properties that newly went on the market. Keep an eye on the number of pending listings in Damascus (currently 32) because an increase or decrease in pending sales can sometimes shed light on the coming month's sales figures.
*A zero result on the above Damascus graph means that no properties sold in the respective price range during the month indicated.