Real Estate News

Weekly Market Snapshot: Feb 19- Feb 25, 2021

This market calls for Weekly Updates.

Check out these New Listing numbers!  We haven’t seen this many new properties coming on the market in many months! 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 low, but steadily increasing, and demand is still high.  Most new listings still have multiple offers on offer night. But some properties are not selling on offer night and those Sellers then have to re-evaluate their strategy.

Buying is becoming easier too! Stay positive buyers!

Last Weeks Numbers:

▪️ Avg Sold Price: $826,986

▪️ Avg Sale Price/ List Price: 107% - Median: 105%

▪️ Avg Days on Market: 11 - Median: 6

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!

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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