by Susanne Novak | Feb 22, 2021 | Market Updates
In January, home sales increased by 10.4% while new listings declined by 9.1%. Are we facing a future with absolutely no inventory for sale? This chart shows how the inventory has dropped over the past 10 years. In January, the number of home sales surpassed active...
by Susanne Novak | Feb 15, 2021 | Buyer Tips, Neighborhoods
Commercial real estate was somewhat depressed due to the pandemic. Residential construction on the other hand has been booming. We saw a 27% increase in single and multi-family construction in 2020 over the previous year. That’s the most activity since 2010. New...
by Susanne Novak | Feb 8, 2021 | Buyer Tips, Trends
The inventory of homes for sale has dropped by 47.3% in January as compared to a year ago. However, demand for housing has never been higher. My newest listing had 50 showings in 3 days. And more buyers scheduled to see the house yesterday. You are probably wondering...
by Susanne Novak | Jan 25, 2021 | Covid, Market Updates
The 2020 housing market broke all records. After a short interruption due to Covid related lockdowns, real estate staged a remarkable comeback in the second half of the year. Despite of Covid, Realtors sold more homes in less time at higher prices than ever before. In...
by Susanne Novak | Jan 18, 2021 | Seller Tips
Have you been thinking about selling this year? You may be wondering if you should wait till spring or list right now. Traditionally, most buyers start house hunting in March or April, however, the Covid pandemic changed everything. Buyers are already out in full...
