Q: What Do the Latest Stats Say About Our Market?
With the onset of the coronavirus and the economic freeze that followed, many expected a huge downturn for the housing market. Economists were actually projecting an upswing in the third and fourth quarters of 2020, but then the nation had a resurgence of COVID and things got a little crazy once more.
Here’s the good news though: I checked the latest data from our market, and all of the numbers indicate that real estate will be one of the major industries that bring us out of the recession.
This doesn’t mean it’s a prime time for you to overprice your house. However, it does mean that now is a great opportunity to get your home back on the market if your prior attempt to sell was unsuccessful. We are still experiencing a housing shortage, buyers are still pouring into the market, interest rates are still historically low, and we definitely need homes to sell.
Don’t buy into the doom-and-gloom narrative; our market is strong, and will more than likely stay strong going forward. There are plenty of opportunities out there, and we want to be your real estate resource. If you’d like to know what your home would likely sell for in today’s market, please reach out to us via phone or email. We’re always here if you need anything. Have a great day!