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February
16

Real Estate in 2021 - Plenty of Reasons for Optimism

February 16th, 2021 by Ruhl&Ruhl REALTORS

"The strong housing market in 2020 was a spectacular surprise, and the positive trend will continue in 2021." - Lawrence Yun NAR Chief Economist

After a sharp decline in housing sales due to COVID-19 from mid-March until roughly the end of May, housing sales rose to heights not seen since the record years of 2005-2006. Across our region in 2020 we experienced:

•16% increase in sales volume over 2019

•10% more properties sold than in 2019

•The average sales price increased by 6% compared to 2019

•The number of properties for sale 12-31- 2020 was down by 40% from 12-31- 2019. Inventory has hit an all-time low.

There was considerable variation from market to market, which can be seen on our Regional Activity Chart:

Click Here to Read More...

Categories: Facts and Trends

Posts from February 2021

Real Estate in 2021 - Plenty of Reasons for Optimism

"The strong housing market in 2020 was a spectacular surprise, and the positive trend will continue in 2021." - Lawrence Yun NAR Chief Economist

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Posts from February 2021

Real Estate in 2021 - Plenty of Reasons for Optimism

"The strong housing market in 2020 was a spectacular surprise, and the positive trend will continue in 2021." - Lawrence Yun NAR Chief Economist

Let Us Help

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