Historically low inventory has been the story for 2020.
While prices are up, interest rates are flat and still at historic lows.
While prices are up, interest rates are down.
The pandemic has impacted all aspects of selling and buying
These are unusual times, and how far this all goes and where it ends is still unclear.
The inventory of homes for sale has not been this low since 2001
The impact of our very chronic inventory shortage can’t be overstated.
The low level of available units is driving higher prices
Low inventory and falling interest rates will continue to make for a strong seller’s market.
While available inventory for moderately priced homes continues to shrink significantly, the inventory of luxury priced homes is still very healthy.