The holiday 2020 market shattered records with the lowest inventory levels in years, unprecedented buyer demand, and prices soaring 8-12% year-over-year. I hit 45 appraisals per month -- my highest volume ever.
Numbers
- Appraisals: 45/month (highest ever)
- Average prices: Up 8-12% year-over-year
- Days on market: 10-12 days
- Multiple offers: 60% of transactions
Explosive market.
2021 Outlook
Market momentum expected to continue. Low rates, strong demand, tight inventory.
Expect 8-10% appreciation in early 2021.
Historical Context
2020 was most unusual year in my 30-year career. Real estate boomed while broader economy struggled.
Appraisals reflect historic market conditions.
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Record 2020 market? Historical year for real estate. Contact me.