Overall, the 2019 market was very similar to the market we saw in 2018:
Homes Sold:
- 2018: 18,000
- 2019: 17,900
Average Sales Price:
- 2018: $219,000
- 2019: $230,000
Absorption Rate:
- 2018: 2.63 months
- 2019: 2.69 months
Number of Active Listings:
- 2018: 28,000
- 2019: 28,000
Interest Rates:
- 2018: 4.25%
- 2019: 3.75 %
Now let’s take a look at what we can expect for 2020.
I believe that 2020 will be very similar to 2018 and 2019. Inventory should remain low, though a little more may come on yet this year. Rates will continue to be awesome—they’re actually still going down!
Whether you’re looking to buy or sell, or if you just have questions about real estate or the market, don’t hesitate to reach out to us. We would love to offer you our free advice.
