May 2021: Real Estate Market Update

Posted on Monday, June 7th, 2021 at 2:40pm.

As we look forward into 2021 it’s hard to predict what the real estate market will do. But we do know the real estate market remains Red Hot and the demand for homes has never been higher. Across the region, the statistics for May swing drastically from May 2020 but we do know:

  • The number of properties available for sale is down significantly compared to last year.
  • The demand for homes is up from last year.
  • There are double-digit-plus gains in the average sale price in almost every market year over year.
  • Homes are selling faster, and offers are much stronger than last year.

Moving in a fast-paced market comes with a unique set of challenges and rewards. It's more important than ever to have a trusted advisor who understands your situation and goals. Contact your Redline REALTOR® today.

 

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