Real Estate News

Weekly Market Snapshot: Feb 5- Feb 11, 2021

This market calls for Weekly Updates.

Volume last week saw more steady growth. The pace and velocity of the market continues to be very high right now, especially for February, a traditionally slow time.

Inventory is still very low, but hopefully steadily increasing, and demand is super high. Some new listings on the market have literal line ups to get inside, multiple offers on offer night, and suddenly selling for $100k+ over asking is normal!

New Listings outpaced Sales again last week! I hope this trend continues, and increases, because homes for sale are at an all time low and it’s having volatile effects.

It will be very interesting to see how the coming weeks unfold, and if New Listing continue to come on the market at a greater rate.

It’s obvious the pandemic second wave concerns, stay at home order and deepening winter are having little effect on demand. We will see what this does to the number of homes for sale in the future.

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 $800k 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