Here’s a quick message about our 2020 real estate predictions.
Before diving into today’s topic, we at Exit Realty wish you a happy holiday season and thank you for the many blessings you have given us throughout the year.
In 2020 we’re going to see a change in the real estate market. If we look back two years ago to 2018, we had the tightest real estate market that we’d seen in the last 10 years. That year showed the least amount of inventory and the fastest momentum of sales. In 2019 that changed. The upper price points had a little more time on the market, and the lower price points still moved pretty quickly.
In 2020, we’re going to see a change in the real estate market.
We’ll also see more active inventory and more competition amongst new construction homes. The question we still have is the pace. How many buyers are going to be chasing real estate transactions, and how quickly?
For more real estate advice, visit our website, call, or email us. We would love to help you with your real estate needs. Have an excellent 2020!