I think most of us are happy to say goodbye to 2020. What a year!
Typically December is a month when we find our clients busy with travel, shopping and holiday parties. Real estate is usually a much lower priority than these seasonal activities. However, with travel, shopping and parties all much diminished this year, it seemed there was more time for real estate. The interest rates below 3% created an added incentive. The result was more people focused on real estate with less real estate to focus on. Yes, inventory was down dramatically from November and 30% less than the meager number we had a year ago.
There aren’t many months when we sell more homes that we have in inventory. It is easy to see how rare that is by looking at the chart. There are a couple of other months where the green dot dipped below the red but none at dramatic as December of 2020. Yet another reason to make 2020 a year for the books!
As always, if you are planning a move in 2021, we are here to be of service.