The statistics are a comparison of May 2020 and May 2021.
The chart below indicates:
Home sales are up 55% from last year at this time.
The average sold price for single family homes INCREASED 26%. Thus creating more equity for home owners!!
The average days on market DECREASED 13 Days.
The amount of available inventory had DECREASED buy 7 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 still SELLERS market. A huge 26% increase on the average home price. With super low inventory at 2 weeks.
Interest rates are holding very low, thus still creating a frenzy to buy before they go up. In return has created record low inventory
The Market is strong.
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