It’s a new year, and if you’re anything like me, then 2021 started off with a bang! The housing market has also hit the ground running in the new year. Homes are spending less time on the market, the Median Sales Price of a home is up over 9% from last year and Months of Supply Inventory is now less than half of what it was at the end of 2019.
- Average Days on Market of 37, over two weeks less than the 53 days a year ago.
- Median Sales Price of $290,000 – up 9.4% year-over-year.
- Months of Supply of Inventory at 1.8, which was less than half of December 2019’s 3.9
You can read the full report here