Updated: Oct 10
The statistics are a comparison of September 2019 and September 2020.
The chart below indicates:
Home sales Have INCREASED 26% compared to last year at this time
The average sold price for single family homes INCREASED 12%. Thus creating more equity for home owners.
The average days on market DECREASED 10 Days.
The amount of available inventory had DECREASED buy 5 weeks
This is indicating that homes are in a very HIGH DEMAND. The Average home price Increased dramatically again by 12%. Inventory DECREASED by a massive 5 weeks. Creating a super competitive market to buy in.
The housing market is STRONG. Another whopping 12% increase in the average home price. With super low inventory dropping to only 4 weeks. But the amount of homes sold still increased by 1282 homes.
With Record low interest rates continuing in the 4th Quarter of the year. The housing Market continues to be unaffected and holding strong.
The average home price increasing by 12%. If you are still on the Fence about buying?
We Need to Talk!!!
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Broker Associate / Realtor
Stay Gold Group of HomeSmart Realty