We’re starting to see the pandemic-effect on our monthly numbers, with activity we would usually see in the spring showing up in August and September. Home sales were up 20% over September of last year and sold in roughly half the time. We’ve been joking that this stay-at-home life has everyone wanting more room to spread out, but record-low interest rates and a serious inventory shortage are surely playing into the overall picture too. Strategy is crucial in a market like the one we’re in. If you’d like to brainstorm about your situation, I’d love to chat.
Market Snapshot: August 2020