Here’s a quick snapshot of our third quarter 2020 market.
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This third quarter of the year has been quite remarkable for our real estate market, especially given the ongoing situation in our country.
For starters, we had a record number of homes listed in the third quarter. 2,900 were listed this year compared to 2,800 in Q3 of 2019. The average days on market are still right around 103 days, which is where they were in 2019.
We’ve had 2,700 home sales close in Q3 2020, which is up from 2,500 in Q3 of 2019.
More inventory would be great for our market.
Interest rates are very low and our clients are locking them in anywhere from 2.3% to 2.75%. There are plenty of buyers out there who want to buy, but there still isn’t a lot of inventory out there. People have finally been getting their homes on the market as of late, and it’s great for our market.
If you’re thinking about selling in the next six to 12 months, you should consider taking advantage of this current market. There’s still a ton of demand out there, and it’s a perfect time to sell your home for top dollar.
If you have any questions for us, don’t hesitate to reach out via phone or email. We look forward to hearing from you.