Real Estate News

Weekly Market Snapshot: Feb 12- Feb 18, 2021



This market calls for Weekly Updates.


Wholy New Listings, Batman! Is this a sign of things to come?! Is the market shifting?! Are sellers finally (they may be a little late now) realizing it’s a good time to sell? Needless to say I’m very happy to see all these new properties coming on the market! Balance please!


Inventory is still very low, but hopefully steadily increasing, and demand is still high. Most new listings still have multiple offers on offer night, with +15% over asking not uncommon.


Last Weeks Numbers:


  • Avg Sold Price: $928,133
  • Avg Sale Price/ List Price: 108% - Median: 106%
  • Avg Days on Market: 11


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 still a great time to sell! If you know anyone CONSIDERING SELLING, now is a great time! Do not “wait until spring”. Contact me!


Buying is becoming easier too!


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


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!

 






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