Here’s a quick recap of 2020 and a preview of our 2021 real estate market.

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We made it — happy 2021! 2020 was the year none of us expected, and despite everything that happened, the real estate market was fantastic. Today I’ll share the numbers behind our market this past year and give you a preview of what to expect in 2021. 2020 was very much a seller’s market, but with interest rates as low as they are and more and more sellers looking to take advantage of this situation, buyers should expect a reprieve this year.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:

0:51—Year-over-year price gains

1:43—Depleted inventory

2:36—The days on market/months of inventory

3:51—The number of expired listings

4:26—What’s happening in 2021?

6:08—More sellers should enter the market, and buyers should get a reprieve come spring

6:45—Wrapping things up

As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.