Here’s a statistical breakdown of our 2020 real estate market.
2020 is behind us, and I have some year-in-review statistics that will blow your mind. It was certainly a strange, trying year, and after the pandemic hit everyone was curious as to what would happen with the real estate market. We knew only time would tell, and it definitely did. Although other industries were hit hard, the real estate market had a great year.
Feel free to watch the video above in its entirety to get the full scoop, or use these timestamps to skip ahead to various sections at your leisure:
0:56—Year over year, sales were up 3.5%, listings were down 8%, and appreciation rose 8%
1:59—How low interest rates are driving our market
2:48—Why I don’t see our market cooling off anytime soon
3:19—The craziest stat of all from our market
3:53—Inventory is a major problem
4:56—Seasonality has been taken out of the equation, and it’s a great time to buy or sell
6:21—We can help with your 2021 plans
7:02—Wrapping up today’s topic
If you have questions about our market or there’s anything else my team and I can help you with, don’t hesitate to reach out to us. We’d love to speak with you.