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The Lockwood Report: Daily Damascus Housing Market Update for Jul 15th, 2020As of Wednesday, Jul 15th, 2020, in Damascus there are a total of 38 active residential homes for sale, 34 pending listings and 18 properties sold in the most recent 30 day period. The average list price for all active residential listings in Damascus is $737,183, while the average asking price for properties new on market in the last 30 days is $540,079. Residential homes for sale in Damascus sold at an average price of $536,217 while newly listed properties came in higher on average, at $540,079.
New listings in Damascus are outpacing sold properties. For the most recent 30 day period, 18 properties sold and 22 came on the market. In summary, new listings outpaced sales by 4. As a point of reference, in the month prior, there were 20 sold Damascus residential listings while 35 homes for sale became available on the market. Keep an eye on the number of pending listings (currently 34) because an increase in pending sales may offset an increase in new listing inventory.
*A zero result on the above Damascus graph means that no properties sold in the respective price range during the month indicated.