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November 24, 2020

Nobody buys or sells a house at the end of the year, especially during the holidays.

Nobody buys or sells a house at the end of the year, especially during the Holidays. πŸŽ„
Is this what is running through your head?πŸ€”
Or it could be that the Dayton real estate market has come to a halt because of the election or covid or whatever. 😷
As far as this year of 2020 goes, there is one common thread in all of this and that is that this year has been dominated by uncertainty and fear.
One thing I do know is that regardless of what is happening in the world, in the economy, or the time of year that it is, is that people still need and want to buy and sell houses.🏘️
I can say this with confidence because we saw the hottest market that the Dayton Area has seen in my 3 decades of selling real estate. πŸ”₯
The average price of homes, has gone up over 9% since 2019 and then it was around 5%. πŸ“ˆ
Yes, for about 3 weeks during the lockdown showings slowed down. Yet all you have to look at is Showingtime statistics and it proves that as of about April 8th an uptick started in showings, which lead to one of the hottest real estate markets over the summer months. πŸ”₯
All of this was during the worst pandemic since 1916.
The interesting thing to me about this time of year is that the public, often supported by our real estate peers is that nothing is selling. ⏹️
That just isn’t true… Seasonally, yes less houses will sell in winter as opposed to summer, yet guess what… ❄️
There will be less homes on the market for the truly motivated buyers that need to buy meaning ➑ sellers can often net more money at this time of year… πŸ€‘
And for buyers there are some sellers that have been on the market longer than a minute and we are seeing prices come down in the mls everyday. πŸ“‰
The possibility of a buyer getting a better buy right now is strong and interest rates are still crazy low. πŸ“Š
If you have any questions on how to talk to your buyer or sellers right now in this type of market, reach out. πŸ‘‡
πŸ“±You can find me at 937-619-7454 or Denise@DeniseSwick.com

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