No Break For The Holidays This Year…
With sales up 22% from a year ago and inventory 18% less than this time last year, I am not expecting much of a slow down in activity over the holidays. With rates historically low and very few people traveling over the holidays, it seems that buying a new home is one of the few pleasures left in life. If only there were enough homes to buy. That is especially true for the homes priced under $1,000,000. Of the 27 active listings today, only 12 are under $1,000,000. We sold 23 in that price range in November alone. Thus, inventory in this range is extremely tight.
The market at $1,000,000 plus is almost as strong with only 15 available and 16 sold in November. Needless to say, it is a strong seller’s market all around. It may never have been a better November to sell a house in Washington Park. If you or someone you know is wondering how their house might sell in this market, please don’t hesitate to reach out to us. In the meantime, I hope you find some safe and enjoyable ways to celebrate the holidays. Here is to a much improved 2021!
