LISTINGS UPDATE -7/26/2020

The number of ACTIVE listings here in SCCL continues to fall. 

Currently ACTIVE listings on MLS

20 Single Family Residences (SFR)
3 Carriage Homes and Villas (CH/V) 

As I have noted previously, there are likely a variety of reasons that there are so few listings at this time, with the most likely being COVID-19 concerns. Some people may not want anyone coming through their home and they may not want to look at homes themselves. Know that these are valid concerns and everyone's personal choices should be respected. Know, also, that there are ways to handle these concerns with careful attention to everyone's safety. Virtual tours are one option that some people are choosing right now. For those who are willing to allow showings, they are handled with careful attention to CDC guidelines. If you are considering selling, please contact me to talk about your options.

My Monthly Newsletter

The Helen Adams Realty newsletter comes out on the fourth Thursday of each month... usually at about 3 a.m.  The Newsletter contains a company article and lots of additional information that I add myself.  I hope you find it informative and interesting.

Normally, the HAR system lets me know that the email has been sent out, but for some reason, today the system never acknowledged that the newsletter was sent.  Even though I got a copy in my own email, my husband never received it.  So, this afternoon, I resent the email manually.  Again, there was no acknowledgement that it was sent, so I reached out to some friends and asked if they had received it and was happy to learn that those particular folks had gotten it... some once, some twice.

Obviously, there was a glitch in the system today.  If you received the newsletter more that once, my apologies!  If you did not get the newsletter, please let me know ASAP.  Hopefully, the glitch in the mailing system will be worked out very soon.  I appreciate your understanding!

If you are not on my mailing list and would like to receive the monthly HAR newsletter, please contact me.
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7/25/2020 Update - Woohoo!  The system is working again!

A Remarkable Recovery for the Housing Market

Article Courtesy of Keeping Current Matters/The KCM Blog

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.

Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.

Ali Wolf, Chief Economist, Meyers Research

“The housing recovery has been nothing short of remarkable…The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.”

Fannie Mae

“Recent home purchase measures have continued to show remarkable strength, leading us to revise upward our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.”

Javier Vivas, Director of Economic Research for realtor.com

“All-time low mortgage rates and easing job losses have boosted buyer confidence back to pre-pandemic levels.”

James Knightley, Chief International Economist, ING

“At face value this is remarkable given the scale of joblessness in the economy and the ongoing uncertainty relating to the path of Covid-19…The outlook for housing transactions, construction activity and employment in the sector is looking much better than what looked possible just a couple of months ago.”

Bottom Line 

The strength of the housing market is a bright spark in the economy and leading the way to what is truly being called a remarkable recovery throughout this country. If you’re thinking of buying or selling a home, maybe this is your year to make a move after all.

Thinking of Selling Your House? Now May be the Right Time

Article Courtesy of Keeping Current Matters/The KCM Blog

Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers.

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down 18.8% from one year ago. Inventory is well below what was available last year, and the houses that do come to the market are selling very quickly.

Sam Khater, Chief Economist at Freddie Mac notes:

“Simply put, new housing supply is not keeping up with rising demand. We estimate that the housing market is undersupplied by 3.3 million units, and the shortage is rising by about 300,000 units a year. More than half of all states have a housing shortage.”

Why is inventory so low?

There are many reasons why it’s hard to find a home to buy today, stemming from an undersupply of newly constructed homes to sellers pressing pause on their moving plans due to the current health pandemic. One of the key factors making it even more challenging, however, is the amount of time current homeowners are staying in their homes. There has truly been a fundamental shift in the market that started about 10 years ago: people are staying put longer, and it’s contributing to the shortage of houses for sale.
In the 2019 Profile of Home Buyers and Sellers, NAR explained:

“In 2019, the median tenure for sellers was 10 years…After 2008, the median tenure in the home began to increase by one year each year. By 2011, the median tenure reached nine years, where it remained for three consecutive years, and jumped up again in 2014 to 10 years.”

As shown in the graph below, historical data indicates that staying in a home for 5-7 years used to be the norm, until the housing bubble burst. Since 2010, that length of time has trended upward, toward 9-10 years, largely due to homeowners aiming to recoup their equity:

Thankfully, with the strength the market has gained over the last 10 years, today’s homeowners are in a much better equity position. Now is a fantastic time for homeowners who are ready to make a move to break the 10-year trend and sell their houses, especially while buyer demand is so high and inventory is so low. It’s a prime time to sell.
 
In addition, with today’s historically low interest rates, there’s an opportunity for sellers to maintain a low monthly payment while getting more house for their money. Think: move-up opportunity, more square footage, or finding the features they’re really looking for rather than doing costly renovations. With more new homes poised to enter the market this year, homeowners ready to make a move may have a golden opportunity to do so right now.

Bottom Line

There are simply not enough houses for sale today. If you’re ready to leverage your equity and sell your house, reach out to a local real estate professional today. It’s a great time to move while demand for homes to buy is extremely high.

Mortgage Rates Fall Below 3%

Infographic Courtesy of Keeping Current Matters/The KCM Blog

 

Some Highlights

• Mortgage rates hit another all-time low, falling below 3% this week.
• If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment.
• Reach out to a local real estate professional to determine your best next steps toward homeownership.

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Article Courtesy of Keeping Current Matters/The KCM Blog

There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com:

“Sellers continue returning to the market at a cautious pace and further improvement could be constrained by lingering coronavirus concerns, economic uncertainty, and civil unrest.”

For homeowners who need a little nudge of motivation to get back in the game, it’s good to know that buyers are ready to purchase this season. After spending several months at home and re-evaluating what they truly want and need in their space, buyers are ready and they’re in the market now. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR) explains:

“A number of potential buyers noted stalled plans due to the pandemic and that has led to more urgency and a pent-up demand to buy…After being home for months on end – in a home they already wanted to leave – buyers are reminded how much their current home may lack certain desired features or amenities.”

The latest Market Recovery Survey from NAR shares some of the features and amenities buyers are looking for, especially since the health crisis has shifted many buyer priorities. The most common home features cited as increasingly important are home offices and space to accommodate family members new to the residence (See graph below):

The survey results also show that among buyers who indicate they would now like to live in a different area due to COVID-19, 47% have an interest in purchasing in the suburbs, 39% cite rural areas, and 25% indicate a desire to be in small towns.
As we can see, buyers are eager to find a new home, but there’s a big challenge in the market: a lack of homes available to purchase. Danielle Hale, Chief Economist at realtor.com explains:

“The realtor.com June Housing Trends Report showed that buyers still outnumber sellers which is causing the gap in time on market to shrink, prices to grow at a faster pace than pre-COVID, and the number of homes available for sale to decrease by more than last month. These trends play out similarly in the most recent week’s data with the change in time on market being most notable. In the most recent week homes sat on the market just 7 days longer than last year whereas the rest of June saw homes sit 2 weeks or more longer than last year.”

In essence, home sales are picking up speed and buyers are purchasing them at a faster rate than they’re coming to the market. Hale continues to say:

“The housing market has plenty of buyers who would benefit from a few more sellers. If the virus can be contained and home prices continue to grow, this may help bring sellers back to the housing market.”

Bottom Line

If you’re considering selling and your current house has some of the features today’s buyers are looking for, reach out to a local real estate professional. You’ll likely be able to sell at the best price, in the least amount of time, and will be able to take advantage of the low interest rates available right now when buying your new home.

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Article Courtesy of Keeping Current Matters/The KCM Blog

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below):

What does this mean for buyers?

This is huge for homebuyers. Those currently taking advantage of the increasing affordability that comes with historically low interest rates are winning big. According to Sam Khater, Chief Economist at Freddie Mac:

“The summer is heating up as record low mortgage rates continue to spur homebuyer demand.”

In addition, move.com notes:

“Summer home buying season is off to a roaring start. As buyers flooded into the market, realtor.com^® monthly traffic hit an all-time high of 86 million unique users in June 2020, breaking May’s record of 85 million unique users. Realtor.com^® daily traffic also hit its highest level ever of 7 million unique users on June 25, signaling that despite the global pandemic buyers are ready to make a purchase.”

Clearly, buyers are capitalizing on today’s low rates. As shown in the chart below, the average monthly mortgage payment decreases significantly when rates are as low as they are today.

A lower monthly payment means savings that can add up significantly over the life of a home loan. It also means that qualified buyers may be able to purchase more home for their money. Maybe that’s a bigger home than what they’d be able to afford at a higher rate, an increasingly desirable option considering the amount of time families are now spending at home given today’s health crisis.

Bottom Line

If you’re in a position to buy a home this year, it’s a great time to reach out to a local real estate professional to initiate the process while mortgage rates are historically low.

What Are Experts Saying about Home Prices?

Article Courtesy of Keeping Current Matters/The KCM Blog

Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said:

“The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first decrease in annual home prices in over 9 years.”

The forecast was surprising as it was strikingly different than any other projection by major analysts. Six of the other eight forecasts call for appreciation, and the two who project depreciation indicate it will be one percent or less.
Here is a graph showing all of the projections:

There’s a simple formula to determine the future price of any item: calculate the supply of that item in ratio to the demand for that item. In housing right now, demand far exceeds supply. Last week mortgage applications to buy a home were 33% higher than they were at the same time last year. The available inventory of homes for sale is 31% lower than it was last year. Normally, these numbers should call for homes to continue to appreciate.

Bottom Line

Because of the uncertainty with the pandemic, any economic prediction is extremely difficult. However, looking at the limited supply of homes for sale and the tremendous demand for housing, it is difficult to disagree with the majority of analysts who are calling for price appreciation.

LISTINGS Update - July 13, 2020

 This information is updated regularly.

Please use the "UP-TO-DATE STATS FOR SCCL" tab above for current information.  

The number of ACTIVE listings here in SCCL continues to fall.  There are likely a variety of reasons that there are so few listings at this time, with the most likely being COVID-19 concerns.  Some people may not want anyone coming through their home and they may not want to look at homes themselves.  Know that these are valid concerns and everyone's personal choices should be respected.  Know, also, that there are ways to handle these concerns with careful attention to everyone's safety.  Virtual tours are one option that some people are choosing right now.  For those who are willing to allow showings, they are handled with careful attention to CDC guidelines.  If you are considering selling, please contact me to talk about your options.

Below is data showing all currently ACTIVE, UNDER CONTRACT, and CLOSED properties for the current month.  Similar information can be found for data since January 1st by clicking on the "CURRENTLY ACTIVE/UNDER CONTRACT/CLOSED YTD" tab above.

Single Family Residences (SFR)

Click to enlarge.

Carriage Homes and Villas

Click to enlarge.

DDP = Due Diligence Period
UCS = Under Contract Show / UCNS = Under Contract No Show
DOM = Days on Market
BR = Bedrooms
BA = Bathrooms
HLA = Heated Living Area (Square Footage)
Price/SF = Price Per Square Foot
UC Date = Under Contract Date

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Be sure to scroll down for recent articles about the housing market.  Remember that the number of postings on a page is limited, so to see earlier postings you'll need to click on "Older Posts" on the bottom right of each page.

Buyers: Are You Ready for a Bidding War?

Article Courtesy of Keeping Current Matters/The KCM Blog

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a disconnect between supply and demand. This imbalance is pushing home prices upward while driving more bidding wars and multiple-offer scenarios. Danielle Hale, Chief Economist at realtor.com explains:

“People are surprised that prices are rising, not falling, because in the last recession home prices fell, the difference this time is the severe shortage of homes for sale…We are seeing bigger price increases with [a limited] number of homes…That is likely to lead to more competition and potentially multiple offers and bidding wars.”

According to the recent Realtors Confidence Index (RCI) survey conducted by the National Association of Realtors (NAR), this trend is growing:

“On average, there were about three offers on a home that closed in May, up from just about two in April 2020 and in May 2019 (2.3 offers).”

HousingWire also indicates:

“42% of homeowners who made a purchase during the January to May time period ended up in a bidding war, demonstrating the strong demand for homes amid low inventory.”

With more people returning to work we’ll continue to see the number of interested buyers increase. So, if you’re among the many people looking for a home to buy this summer, it’s important to ensure you have the right guidance from the start. This way, you make sure your offer stands out from the crowd when it really counts. Here are two tips to follow.

1. Hire a Trusted Local Expert

A trusted local real estate professional matters more than ever right now, as noted in a recent survey shared by NAR. In fact, according to respondents, 54% of buyers and 62% of sellers indicated that “Particularly during the pandemic, a real estate agent’s guidance is especially valued.”
We’re not in a normal market. We are in one of the greatest health crises our nation has ever seen. The pandemic has had a dramatic impact on the journey consumers must take to purchase a home. To successfully navigate the landscape today, you need a true expert on your side.

2. Get Pre-Approved for a Mortgage

When there are more buyers than sellers on the market, the process to find a home becomes much more challenging. One way to show you’re serious about buying a home is to work with a lender to get pre-approved for a mortgage before starting your search. With a pre-approval letter, sellers will see your true desire to buy this year, potentially helping your offer rise to the top.

Bottom Line

If this is the year you’re ready to buy, contact a local real estate professional to get the process started so you can make sure your offer is a strong one when the competition heats up.

Quick Home Maintenance Checklist

Thanks to Ashleigh Clark, Senior Loan Officer at Highlands Mortgage for sharing the following checklist.

Whether you're a new homeowner or a seasoned, home-owning veteran, we pulled together a quick home maintenance checklist that will help keep your biggest investment organized and looking great all year long. 

Weekly
Sweep floors and vacuum carpets
Clean bathrooms
Check all drains to make sure they aren't clogged
Make sure all interior and exterior light bulbs are working properly and replace as needed
Mow and edge lawn to maintain good curb appeal (if in season)
Remove weeds from flower beds (as needed)


Monthly
Replace air conditioning filter
Clean garbage disposal with baking soda, vinegar, and lemon
Dust (even the hard to reach places)
Clean the range hood and oven
Visually inspect the outside of the home and look for any damaged siding, loose shingles, etc.

Annually
Clean gutters
Replace batteries in all smoke and carbon monoxide detectors
Have a HVAC professional inspect your A/C and heating system
Check your roof, shingles, flashing, and vents for damage
Clean and organize your garage (if you have one)
Check under sinks to make sure there are no signs of leaks
Make on upgrade that can increase your home's value (e.g. new light fixtures, updated counter tops, etc.)

Ashleigh ClarkSenior Loan Officer | NMLS No. 92328
Office: (704) 307-9908 | Mobile: (704) 307-9908
Ashleighclark@highlandsmortgage.com
15235 John Delaney Drive | Charlotte, NC 28277
www.highlandsmortgage.com

Sometimes Stats Are Confusing

We live in a community that is served by a number of real estate brokerages and residents are used to getting updates in their mail tubes from several of them.  As a resident agent, I get those as well and am frequently asked about things that appear on them.  The first thing I tell people is that the sales information provided was current the day the flyer was printed, but it is very likely that it was already outdated the day it arrived in your tube.  That is why I encourage everyone to visit my website regularly for the most current stats and, if you want updates delivered to you, I'm happy to set up a personalized auto-email to keep you informed.  Whether you want info about the community in general or something more specific (like a particular model or, perhaps, basement or loft homes), parameters can be set to give you that information.

Today, a neighbor asked me if I could "offer some insight on what caused our Summit Collection to decrease in value according to the July 2020 report" that arrived today.  She was referring to a graph for Summit homes that showed the following: 

• 2018 - $360,224
• 2019 - $364,849
• 2020 (thru June) - $360,363

This was my response...

2019 included the sale of 12 basement homes (and 7 loft homes) which sell for a higher price and, therefore, affected the average sale price.  In 2018 there were 7 basement homes (7 loft homes) and to date this year there have only been 6 basement  (5 loft homes) home sales.  Also, remember that size (models) of homes and lots affect price, so the average price isn't really telling you that values have gone up or down.  Let me know if you want me to send you the lists of closed homes for 2018, 2019, and 2020. 

2018

Single Story - 40

Basement - 7

Loft - 7

2019

Single Story - 38

Basement - 12

Loft - 7

2020 (thru June)

Single Story - 19

Basement - 6

Loft - 5

As of today there are only 25 active single family residences (SFR) and 4 Carriage Homes/Villas on the market.  When the document was printed, there were 34 homes for sale (though they didn't say if that included both SFR and CH/V or just SFR).  Check my website for the most current stats.

Within an hour of my response, the number of active SFRs dropped to 24.  See my posting below for an update on SCCL Sales.

One last note... when agents who aren't familiar with our community put listings on MLS, they don't always include the model name in the listing.  When a search is done for a particular model, those that do not have a model listed will not come up and may not be calculated on a graph such as the one that was referenced above.
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Remember that each collection of homes has a variety of models.  The Summit collection, for example, includes 5 models (Copper Ridge, Surrey Crest, Tifton Walk, Vernon Hill, and Willow Bend).  Some of those homes have basements, some have lofts, some have wooded views, some have golf course or water views, and all have different looks (all vinyl siding, brick, and stone with different roof designs)... all of these things make a difference.  When looking for comps for a home, make sure you're comparing "apples to apples." Please contact me if you'd like to see what the comps for your home look like.  

SCCL Sales Update 7/9/2020

June was an active month for home sales here in SCCL and inventory is now extremely low. If you have been considering selling your home, now might be a great time to put it on the market.

 

Be sure to check UP-TO-DATE STATS FOR SCCL tab 

above for most current stats.

 Home Inventory Determines What Kind of Market We Are In

Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.

• Less than 6 months of inventory = Seller's Market with upward pressure on prices
• More than 6 months of inventory = Buyer's Market with downward pressure on prices.

The charts below are based on what had been reported at the end of June, however, sometimes closing information isn't posted for several days and the chart may be off slightly.  Be sure to check the interactive versions of these charts using the STATS tab above.
 

 

Single Family Homes = 2.5 month supply at the end of June

Carriage Homes & Villas = 3.5 month supply at end of June

HAPPY 4TH OF JULY

 
What It Means to Be an American
Author Unknown

 To believe in the promise

of a better tomorrow,
and stand united in our efforts
to give a peaceful nation
to our children...

To honor each other's differences
and cherish the richness of our history,
even as it continues to unfold
from sea to shining sea...

To love deeply
our friends and family, day by day,
and never take for granted
the privilege of calling ourselves American.

Wishing you all a safe and healthy 4th of July!

 

Is the Health Crisis Driving Buyers Out of Urban Areas?

Article Courtesy of Keeping Current Matters/The KCM Blog

The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open floor plan seems to be fading as people are finding a need for more privacy while working from home.

Recently, news.com released a report that revealed how buyers’ views of listings are leaning heavily to more suburban and rural properties. Here are the year-over-year percentage increases in views per property type:

• Urban – 7%
• Suburban – 13%
• Rural – 16%

In the report, Javier Vivas, Director of Economic Research for realtor.com, gives these numbers some context:

“This migration to the suburbs is not a new trend, but it has become more pronounced. After several months of shelter-in-place orders, the desire to have more space and the potential for more people to work remotely are likely two of the factors contributing to the popularity of the burbs.”

Realtor Magazine also just reported that the desire to move is strongest in our city markets:

“Nearly 30% of respondents living in a high-density urban area say that the pandemic is prompting them to want to move by the end of the year…This is more than double the rate of those living in rural parts of the country, where residents are much more likely to stay put rather than to relocate.”

New Construction Also Seeing a Surge in Views

Since the pandemic has altered how consumers think about floor plans, builders are anticipating how future homes will change. In a recent press release by Zillow, it was explained that:

• Builders believe as people spend more time at home during the pandemic, buyers are realizing which features of their homes are working and not working.
• Homebuilders predict open-concept floor plans will be a thing of the past, as people now value more walls, doors, and overall privacy.
• New construction, which offers the chance to personalize home features, saw its listing page views grow by 73% over last May.

The Virus is Even Impacting the Luxury Second-Home Market

It appears that COVID-19 is impacting the luxury market too. In an article released last week titled, Luxury Buyers Return to Market in Force, Danielle Hale, Chief Economist for realtor.com reported:

“Stay at home orders and social distancing have put a new value on the extra space. We’re seeing this in the luxury market as well, which could mean there is renewed interest from high-end buyers to find a second-home that is within driving distance from their primary residence.
Much like the suburbs are gaining favor with home shoppers, second home markets are seeing increased interest from luxury buyers…Views of luxury properties accelerated 56% in The Hamptons, 28% in Palm Springs and 24% in Greenwich compared to January trends.”

Bottom Line

It appears that a percentage of people are preparing to leave many American cities. Some of these moves will be permanent, while others will be temporary (such as a getaway to a second home). In either case, many consumers are on the move. Real estate professionals are ready and willing to help in any way they can.

A Historic Rebound for the Housing Market

Article courtesy of Keeping Current Matters/The KCM Blog

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important?

According to NAR, the Pending Home Sales Index (PHS) is:

“A leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two.”

In real estate, pending home sales is a key indicator in determining the strength of the housing market. As mentioned before, it measures how many existing homes went into contract in a specific month. When a buyer goes through the steps to purchase a home, the final one is the closing. On average, that happens about two months after the contract is signed, depending on how fast or slow the process takes in each state.

Why is this rebound important?

With the COVID-19 pandemic and a shutdown of the economy, we saw a steep two-month decline in the number of houses that went into contract. In May, however, that number increased dramatically (See graph below):

 This jump means buyers are back in the market and purchasing homes right now. Lawrence Yun, Chief Economist at NAR mentioned:

“This has been a spectacular recovery for contract signings and goes to show the resiliency of American consumers and their evergreen desire for homeownership…This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.”

But in order to continue with this trend, we need more houses for sale on the market. Yun continues to say:

“More listings are continuously appearing as the economy reopens, helping with inventory choices…Still, more home construction is needed to counter the persistent underproduction of homes over the past decade.”

As we move through the year, we’ll see an increase in the number of houses being built. This will help combat a small portion of the inventory deficit. The lack of overall inventory, however, is still a challenge, and it is creating an opportunity for homeowners who are ready to sell. As the graph below shows, during the last 12 months, the supply of homes for sale has been decreasing year-over-year and is not keeping up with the demand from homebuyers.

Bottom Line

If you decided not to sell this spring due to the health crisis, maybe it’s time to jump back into the market while buyers are actively looking for homes. Reach out to a local real estate professional to determine your best move forward.