If you were living under a rock and the first thing you read was July’s real estate statistics, you never would have guessed we are five months into a pandemic. The median sales price for a single family home continues to push higher. Buyer demand continues to remain strong, pushing down inventory and average days on market.
The buyer rush that occurred after stay-at-home orders were lifted is starting to hit the sold statistics. The number of homes sold has increased over 18% from last year and is nearly double the amount since before the pandemic hit! Add low interest rates to the equation, and you have a recipe for a seriously hot market taking us into the colder months.
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