September 2021 Stats

The statistics are a comparison of September 2020 and September 2021.

The chart below indicates:

Home sales are down 15% from last year at this time.

The average sold price for single family homes INCREASED 15%.

The average days on market DECREASED 10 Days.

The amount of available inventory had DECREASED buy 1 week.

Bottom Line

With Low inventory, the balance of supply and demand have stayed steady. leading to another month of competition among buyers. The 15% increase on the average home price. Inventory still very low at 3 weeks. Makes it desirable for sellers.

But on the buying side. Buyers need to consider. Even with a 15% increase in home prices, now is still a great time to buy.

Interest rates are low!! but they are expected to Increase!!

With an expected seasonal increase of inventory, waiting will only cost buyers more money in the future.

This is great for buyers. It is often better to buy when rates are low not when house house prices are low.

**** I can explain how buying when rates are low is beneficial when compared to buying when house prices are low. CALL ME! ****

Low mortgage rates are still 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.

Thomas Tucker

Broker Associate / Realtor

Stay Gold Group of HomeSmart


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