Real Estate News

Weekly Market Snapshot: Dec 11- Dec 31, 2020

This environment calls for Weekly Updates.

Happy New Year!

I skipped the Updates for the last few weeks of Decembers, so here is the summary.

Sales for the last few weeks of December are not surprisingly down from the previous week.  The time around the holidays is a traditional slowdown in real estate and businesses in general.

Unfortunately Sales were out pacing New Listings for the last few weeks of the month. I’m always disappointed to see this because this does not help our extremely low inventory problem.

It will be very interesting to see how the coming weeks unfold, and if New Listing continue to stay low.  No doubt the pandemic second wave concerns, lockdown and deepening winter will have adverse effects on the number of homes for sale.

WE NEED HOMES TO SELL! If you know anyone CONSIDERING SELLING now is the time! Do not “wait until spring”. Contact me!

It’s is still a very strong Sellers Market with low inventory and strong and competitive buying demand.

Any kind of well priced homes are selling very quickly and often for over asking price and with multiple offers especially in the under $700k price range.

We have changed how we do some things to work in a safe and responsible manner. Please let me know if I can help in anyway, I’m here to serve.

Be safe and be well!

Share this News