How is our market doing during the pandemic? Here’s a quick update.
Overall, the market is actually very hot right now. If you’re thinking about selling your home, for goodness sake, reach out to me! As quickly as homes are hitting the market, they’re being snatched up by eager buyers, and often with multiple offers on the ones that are priced appropriately. I recently put a house on the market at about 2 p.m., and by 4 p.m., it had a full-price offer on it. Sellers: Don’t drag your feet in this market! Interest rates are very low, which means that there are hordes of buyers in the market hunting for homes.
Here are a few statistics from our market:
- Active Listings: 988
- Under Contract: 57
- Inventory: 1.7 months of supply
- Average Sold Price: $397,899 (on average, sellers get around 98.6% of their list price)
- Average Days on Market: 43 days
These are historic numbers for our market. There isn’t much room for negotiation, either—the offers that are landing are full-price offers (or close to it).
So again, if you’re thinking of selling your home, please give us a call as soon as possible. Let’s get you ready to go live on the market so you can sell your home quickly and for top dollar.