Here’s everything you need to know about our market as we move through fall.
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We’re well into the fourth quarter of 2020, and our market remains tight—so tight, in fact, that a lot of our home builders have sold out and are wait-listing in order to manage demand. When new inventory gets finished, they see bidding wars immediately. I never thought I’d see a situation where buyers are willing to offer more on new construction homes, but here we are. New construction is just one example of our atypically hot fall market.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to skip to topics that interest you most:
0:22 — The craziness in the new construction market
1:26 — Low interest rates continue to fuel buyer demand
2:10 — A major increase in year-over-year pending sales, and key luxury market observations
3:53 — Why the market keeps defying expectations, and the not-so-scary reality of foreclosures
5:35 — The demographic most affected by job loss isn’t responsible for most of the home buying in our market
6:32 — Wrapping up today’s market update
As always, if you have any questions on how to succeed in this strong, competitive market or want advice on what you should do given your situation, reach out via phone or email. I’d be more than happy to talk with you at length.