The statistics are a comparison of June 2020 and June 2021.
The chart below indicates:
Home sales are up 4% from last year at this time.
The average sold price for single family homes INCREASED 21%. Thus creating more equity for home owners!!
The average days on market DECREASED 15 Days.
The amount of available inventory had DECREASED buy 3 weeks.
The housing market is still a SELLERS market. The 21% increase on the average home price. With super low inventory still at 2 weeks.
But we are beginning to see segments of the market to cool, SLIGHTLY.
We are seeing less multiple offers in the first weekend BUT offers are still coming in strong.
Interest Rates are still low and holding.
So, while home prices are unlikely to drop anytime soon.
Today's low mortgage rates are a buyer's secret weapon to secure affordable housing.
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