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2021 Housing Market Kicks Off With Fierce Competition—Making It A Great Time to Sell
Dated: February 15 2021
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Between low interest, fierce competition, and rising home prices, 2020 was a challenge for buyers, but offered serious advantages to sellers—and it looks like that dynamic is continuing into 2021.
According to recent data from realtor.com, the number of homes for sale in the US in January 2021 dropped below 600,000—a whopping 43 percent decrease from January 2020 and the lowest number of homes for sale since realtor.com started collecting data in 2012. The median listing price was $346,000, up 15.4 percent year-over-year and the typical home sold, on average, in 76 days—10 days faster than this time last year.
The Takeaway:
So, what does this mean for you? It may be a new year, but markets across the country are still experiencing historically low inventory, which is continuing to drive up both competition and home prices—so if you’ve been thinking about selling your home, now is a great time to make a move.
Nicole Gates
As a wife, mother of 5, retired military spouse, Yuba/Sutter native, and a seasoned real estate professional, Nicole recognizes and values the trust her clients place in her. She strives every day to ....
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Based on information from California Regional Multiple Listing Service, Inc. as of August 3, 2021 6:58 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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