As we take a closer look to review the past year, we know that the Real Estate market has been extremely affected by the pandemic. Homeowners who opted to sell, benefited in a major way. This major increase in home buying has marked 2021 as the strongest seller’s market we’ve ever seen.
With the current market condition, sellers were able to take advantage of multiple offers to choose from, greater home valuations, and a speedier sales process. With inventory extremely low and demand at an all time high, there simply are not enough homes to meet the high buyer demand.
The National Association of Realtors’ most recent Buyer vs. Seller activity data shows that buyer demand continues to far surpass selling activities by a wide margin.
Buyer Traffic vs Seller Traffic (August 2021)
In the Greater Boston area alone, GBAR market insight report indicates a 23% decrease in single family homes from 2020 to 2021 and a 28.5% decrease in condo listings.
With extremely low inventory and buyer demand still trending up, now is a great time for homeowners to take advantage of the current market by working with a Real Estate professional who understands the direction of the local market.
In Boston, you can trust the Moving Greater Boston team to help maximize your home’s selling potential. Let us help you take advantage of this hot seller’s market.
Download your FREE seller’s guide here: SELLER’S GUIDE