Susanne Novak, Broker/Realtor
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Market Update: Why Home Sales Dropped in February

Market Update: Why Home Sales Dropped in February

by Susanne Novak | Mar 29, 2021 | Market Updates

The February 2021 housing report offers bleak news for buyers. Strong buyer demand has pushed the average sales price 13.4% higher. We suffer from record low inventories leading to a decline in sales of 2.9%. Pending contracts plummeted by a stunning 11.9% which will...
Market Update: On a Crash Course to Zero Inventory

Market Update: On a Crash Course to Zero Inventory

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...

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