As we approach Thanksgiving there is a lot to be thankful for in the 2021 real estate market. We are personally thankful to our clients and friends for always thinking of us when they think of real estate. We are also grateful that we have good news to share this time of year. The market remains strong with the number of homes sold and pending sales up since last year. The inventory is still very low and declined slightly since last month leading to another gain in values year over year. The market is up over 20% since last year!
A look at the Numbers:
Changes from this time last year
- The number of home sales is up year over year just slightly
- The number of pending sales is up since this time last year
- The inventory is down year over year. And it’s down a lot! Last year at the same time there were 2434 MORE homes for sale.
- The median sales price is 20.39% higher than it was last year.
We thought maybe there might be some signs that more inventory was coming but nothing yet. With so few homes for sale the prices will continue to rise. The only way the market will shift is a change in supply and demand. Things that could cause that would be major economic factors, if interest rates rise significantly or if we get a sudden influx of new listings (like thousands). At the moment none of these things seem likely so at least for the foreseeable future and the next couple of months we will be sitting in a strong market here in Central Florida.
There is still time to sell if you want to close by the year end and there are some really strong reasons why it might make sense to do so now. Check out our list of 11 Reasons to sell this holiday season and give us a call at 407-982-7240 or shoot us an email kathryn@thinklivebe.com to get started.