We are definitely experiencing the seasonal slowdown as our active listings are still only 3,376 for the entire metro area, which is 15% lower than last month, and 30% lower than this time last year! Closings for October were at 5,169 which is down over 20% from October 2020. Closings for the year are at 53,404 which is up 1% from 2020 YTD.
If you are a buyer in this market, and have previously felt demoralized by the craziness of a competitive market, these seasonal effects have opened up some doors for you…keep looking! If you are a seller that needs to sell, you should list your home very soon as buyers are still providing plenty of demand and you can still close by the end of the year.
Please contact us if you have any questions about the information below – we are always here to help! (And don’t forget to scroll down for the LUXURY market.)