Housing Market Update January 2021

Catch the latest market update in the video below! 👇

In February of 2020, the market was normal - and then Covid shocked the world. In the graph below, you'll see a huge decline in market activity when the country all but shut down, but then you see how quickly it came back up around May 2! This shows a great V shaped recovery in the housing market, and it has remained a strong seller's market since then.

In fact, last year's spring market became the fall market, and those homes that went under contract in the fall are now closing, increasing sales numbers from this time last year. Freddie Mac and Fannie Mae project continued low interest rates. With low inventory and lots of buyers, the 2021 spring market will continue to be a seller's market.

Bottom line: January is a win win market for buyers and sellers. Sellers have less competition and are getting close to full, if not full asking price, and buyers are taking advantage of the low interest rates.

To find out your home's value, click here: https://audreywise.exprealty.com/sell.php

To grab a copy of our buying guide, click here: http://bit.ly/3ojiDiu.

For a selling guide, click here: http://bit.ly/35dNaXp