If you have been thinking about selling your house, wait no longer! According to the Multiple Listing Service (MLS), our active inventory has dropped below 3000 active listings in the seven county metro. We are now sitting at 2,965 which is 812 less than the inventory on January 1, 2021. We are only four weeks into the new year and we already have 15.3% fewer listings than we had at the exact same time as last year! Needless to say, we are seeing that not only are houses selling quickly but also for top dollar. Take a look at the chart below that shows the incline in median sales prices.
It is also still a great time for buyers to purchase a new home as interest rates continue to be at an all time low. If you are considering selling your home and/or buying a new home, we would love to help you and can guide you through this unprecedented market.
If you or anyone you know is looking to buy, sell, or invest in real estate, we would absolutely love to help. Please send them our way – we love taking great care of our clients!