The Imbalance Continues…
Oh my, as of March 31st, there were only 13 houses for sale in Washington Park. Prior to 2021, we typically have seen only one month a year where we sold more homes in a month than were available to purchase. Now we have seen this imbalance for 4 months in a row. Typically, the market really gets going in March and we see a jump in inventory. That did not happen this year.
This created bidding wars of new dimensions. 76% of the sales this month sold at or above asking. Some sold for as much as $100,000 over asking or more. If you are curious what your house might be worth in this great new market, please be in touch.
Without a doubt these are the best conditions I have seen for sellers in my 40 years as a Realtor. If you have an interest in taking advantage of these unprecedented Seller’s Market, please give me a call. We’re here to help you navigate this wild market.