Q2 2021 Market Watch
Our housing markets remain far ahead of last year, both year to date and quarter over quarter. Buyer demand is high and remains much greater than the supply of homes available can accommodate. This phenomenon has sent prices surging over this time last year, with more middle and upper end property transactions. We are consistently witnessing closed dollar volume gains exceeding closed unit sales by 30 to 40%. This same spread between dollars and units is also reflected in the new inventory arriving. And although overall inventory levels may be down, there were more new listings taken this quarter than the same period in 2020. These homes are turning over so rapidly that overall inventory levels remain low.
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