Key Highlights

  • Prices up +13%
  • Pending sales up +38%
  • Total active listings down -32

Here’s a word to the wise from Redfin’s chief economist Daryl Fairweather. “…there will be very few homes from 2020 left on the market. So those who resolve to buy a home in 2021 may need to wait with bated breath for sellers to list their homes. Redfin’s forecasts suggest the new year will bring many more new listings, but they will likely be snatched up quickly. So…now is a good time to get pre-approved for a mortgage, and come up with your wish list, so you can act quickly when your dream home hits the market.”

Are you ready to join EXP REALTY? Choose Tim and Julie Harris as your sponsor! Text Tim directly 512-758-0206.

Fairweather went on to say, “Migration and progressive economic policies will shape the housing market in the months to come. The recent migration of Americans to affordable places like Atlanta, Phoenix and suburbs across the country has contributed to what will be a major change in fiscal and economic policy starting on January 20. While more government spending could lead to moderate mortgage-rate increases, it will also likely include programs to make homeownership affordable to more people.”

Get your free 2021 Fill In The Blank Business Plan Now. Simply TEXT 2021 to 855-685-1045.

For the first week in January 2021,

  • Median sale price of homes sold increased +13% y/y to $319,000
    • Median sale price in 1/2020 = $281,155
  • Pending sales up +38% y/y
  • New listings increased +7% from last year
  • Active listings of for-sale homes fell -32% from last year
  • 8% of Pending Sales under contract within 2 weeks
  • Sale-to-List Price Ratio hit 99.3%
  • Redfin Homebuyer Demand Index (requests for home tours and other agent services) increased +32% from pre-pandemic levels in January and February 2020

 

Thanks to Redfin.

URGENT: 2021 Results Released. New FREE On-Line Web Event Reveals 17 Surprising Secrets Of The Top 100 Millionaire Agents. Get Your FREE Spot For The On-Line Webinar Now. When You Attend This Event You Will Have A Sense Of Relief Knowing You Can FINALLY Laugh At Your Money Worries – If You Follow This Simple Plan. Learn How To Generate 100’s of Motivated Leads Without Coming Off As A Pushy Salesperson and Losing Your Soul. Learn Now How To Become One of the 1000s of Agents Making HUGE Money NOW Who Never Thought They Could.

YES, I Want To Attend The FREE Webinar! <——Click To Register
P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.