An All-Time Low Supply Of Homes

Just the facts, in my opinion

A quick look at the stats below tells the tale. Low inventory, a 16% increase in sales, and a 14% increase in average price. At the end of the year, we are left with just a little over a month's supply of homes... an all-time low.

Full-price offers and multiple offer situations are everywhere. In the next few months, we should start to see a rebound on listings and a stabilization of prices. But, that's based on normal times. The crystal ball I've been keeping to myself says otherwise, and that we are in a low inventory phase for the rest of this year until Covid is completely under control. Great news for sellers and a ‘get off the fence' moment for buyers.

If you need anything don't hesitate to ask!

- Thomas D.