RE/MAX National Housing Report February 2021!
Michael Kozlowski #1 Individual RE/MAX Agent in the State of Colorado!
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Last time we checked in about the housing market, things were looking great as we started into a new year and that trend has continued! While the increase of home values has slowed, they’re still markedly higher than last year’s numbers. So what’s the breakdown?
- Inventory is at a 13-year record low, decreasing by as much as 30% year over year.
- The median home price has gone up to $285,000. up almost 12% from last year.
- Days on the market has decreased from a 59-day average down to 40.
In short, time matters in today’s market.
There are fewer homes going up for sale, so you’ll want to be as prepared as possible when you’re ready to buy. Home values are going up and spending fewer days on the market, so having a professional on your team to help you navigate offers will be important for any seller. And I am here to help you through any and every step of the process.
If you’re looking to buy or sell a home in 2021, call or email me any time to set up a meeting. I’d love to assist you!