The statistics are a comparison of February 2020 and February 2021.
The chart below indicates:
Home sales are similar to last year at this time.
The average sold price for single family homes INCREASED 14%. Thus creating more equity for home owners!!
The average days on market DECREASED 14 Days.
The amount of available inventory had DECREASED buy 4 weeks
Homes are in HIGH DEMAND. The Average home price Increased dramatically again!! Inventory DECREASED. Creating a super competitive market to buy in.
The housing market is a SELLERS market. Another huge 14% increase in the average home price. With super low inventory at 2 weeks.
With low interest rates holding strong as we go through the first quarter of the year. The housing Market is being affected.
The Market has created a very competitive market for buyers, record low inventory and rental prices climbing. Is making buyers realize they should own and not rent...
If you are looking to sell. It is a really good time to sell. Homes move quick and often receive well above asking price.
If you are looking to buy or SELL?
We definitely need to talk, ASAP!!!
If you are looking for guidance with buying or selling a home. Look no further than aligning yourself with people who conduct themselves with the highest of Integrity and Character.
We are your trusted advisors and your reliable resource.
Broker Associate / Realtor
Stay Gold Group of HomeSmart Realty