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 as the inventory holds out. If you have sellers who delayed putting their homes on the market because of Covid, it’s not too late for them to take advantage of the extreme buyer demand and inventory shortage—especially in the entry and middle price ranges where prices continue to rise at a faster rate than even earlier in the year.


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