"We’ve never seen a hotter seller’s market and we don’t know how long it will last."

• The average days on market is only 12 days.
• The average price per square foot has climbed significantly and now stands at $315 per square foot.
• In many neighborhoods, we’ve seen an appreciation of 20% to 35% over the last year.
• We currently have 0.6 months of inventory.
• 75.9% of all home sales had multiple offers.

What this data is saying is that inventory is extremely low—there are half as many listings and twice as many buyers. If you’re a buyer, we are seeing historically low interest rates that you should take advantage of. If you’re a seller, now is the time to act. We’ve never seen a hotter seller’s market and we don’t know how long it will last.

If you’re interested in taking advantage of this market, please give me a call and check out my team’s website. We’d be happy to help you out. Have a great day.