Our market remains as unseasonably hot as last week’s 70-degree weather! Our average sales price climbed yet again: $625,100 for single-family detached and $393,733 for attached properties.
Yes, the pandemic keeps dropping the number of listings to historic lows. Sellers have a lot of negotiating power. Even those upgrading to a new home are crafting their contracts to make the timing of their next purchase. Bidding wars and sifting through buyers is such a common practice. For sellers to have the smoothest process possible, you need to hire real estate professionals.
Because demand couldn’t be higher (knock on wood – check in with me next month!). Eager to lock in a rock-bottom interest rate, buyers are strategizing to meet their needs and adjust their wants to purchase a property. No wonder the average time listings spent on the market was just 24 days. You have to act FAST and confidently when you find the home you want.
So with all of this activity, it is no surprise we ended the month with an incredible 5,984 closings and 6,141 homes under contract. It’s a smart move to buy or sell even as the holidays approach.
After all, we don’t know what the market will look like in 2021. COVID-19 and our presidential elections are causing analysts to scratch their heads at the thought of making predictions. So if you want to make a move, let’s talk now about a plan. Text, call, or email me at 303-547-4776, [email protected].