Well - hello June and July!

The red line above shows the number of contracts signed for each of the past five months.

The blue line shows the average number of contract signed in that same month during 2017, 2018 and 2019.

Basically, comparing the monthly pace and pattern of 2020's contract activity to the three most recent years to see if this is what we should have expected.

It's not what we should have expected.

Typically, contract activity peaks in May and then slowly declines in June and July.

But not this year.

During 2020, contract activity was lower than would have been expected in March, April and May -- but then -- wow!  Thinks really started to move in June and July. 

All in all, I think this is the impact of COVID.  It slowed the local housing market down for a few months, but things are speeding right back up to likely eventually catch up to where we were last year.

Stay tuned to see what happens come August...