The statistics are a comparison of November 2019 and November 2020.
The chart below indicates:
Home sales Have INCREASED 22% compared to last year at this time
The average sold price for single family homes INCREASED 13%. Thus creating more equity for home owners!!
The average days on market DECREASED 13 Days.
The amount of available inventory had DECREASED buy 3 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 STRONG. Another huge 13% increase in the average home price. With super low inventory at 3 weeks. But the amount of homes sold still increased by 929 homes!
With Record low interest rates holding strong as we approach the end of the 4th Quarter. The housing Market continues to be unaffected.
But it has created a very competitive market for buyers.
If you are looking to sell. It is a really good time to sell. Homes move quick and often receive above asking prices.
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