REAL ESTATE BLOG
August ’21 Market Report
Many of your markets are showing signs of growing inventory and longer market times. We have seen depleted inventory for an extended period which has caused buyers to act fast. Supply levels have likely bottomed and are back on the rise. The market with its…
July ’21 Market Report
The market showed signs of slowing down earlier and longer for the 4th of July holiday. With the help of fresh new listings, it is back on track with weekly new pendings and closed sales outpacing 2019 and running close to last year’s big bounce numbers…
June ’21 Market Report
While monitoring weekly showings, new pendings and closed sales activity we’re seeing early signs that the sizzling hot spring markets are dialing down that heat. As society reopens to a new post-normal, buyers who have been hyper focused on buying homes, suddenly have graduation parties,…
May ’21 Market Report
Available listing levels, which had dropped every month since last June, are finally rising. Buyers who’ve been waiting for those fresh new listings are jumping on them. April new pendings and closed prices were up and that increase in new pendings will lift closed sales…
April ’21 Market Report
Unprecedented demand is going head to head with the depleted inventory levels that are challenging buyers. In most markets, demand is winning and YTD sales are slightly ahead of both last year’s and 2019’s pace. In markets that have seen a flow of fresh new…
March ’21 Market Report
Extreme inventory shortages have been no match for the intense buyer demand. We’ll see how that exchange continues to play out, but so far 2021 sales, values and the percentage of homes selling at or over list price and within 10 days are all up…
2020 Year End Market Report
Typically, market activity and prices fall off in the fourth quarter as demand drops and inventory becomes depleted. Despite record-low inventories (down 58% from a year ago), both sales and prices finished the year with extreme momentum. Year over year December sales were up 17%…
December ’20 Market Report
This year’s remarkable demand and strong recovery have been fueled by historic low interest rates and the heightened focus on “home” as a result of Covid lockdowns and temporary closings of work, school and entertainment places people would otherwise be. While many have taken a…
November ’20 Market Report
November active listings are down 49% from 2019 and will remain low through the winter and into next spring. Low inventory continues to be a leading driver in rising values, YTD average sale price is up 7% over last year. Competition among buyers looks to…
October ’20 Market Report
Although inventory levels are about half of what they were, daily new pendings continue to run about 28% higher than the same time last year. The Covid shutdown delayed the market cycles. Expect the strong 3rd quarter performance to carry over well into the 4th quarter—so long…