We're halfway through 2021

Tomorrow is July 2, 2021 — and that means we’re halfway DONE with 2021! So how was the real estate market in the first half of the year, and what can we expect for the second half? Here’s where we’ve been and where we *may* be going:⁣

Where the market has been:⁣

• Inventory = Low⁣

• Interest rates = Even lower⁣

• Prices = High (up 15.8% on average year-over-year)⁣

• Days on market = Measured in hours, not days⁣

Where the market *may* be going:⁣

• Inventory = Slight uptick, but still a seller’s market⁣

• Interest rates = Small hike, but relatively low overall⁣

• Prices = Will continue to climb, albeit at a slower pace than the first half of the year⁣

• Sales = Suburbia focused, but interest in city living makes a comeback⁣

Have you had time to reflect on the first half of 2021? Where may you be headed in the second half? If your plans include real estate, I’d love to connect. Drop me a message, and I’ll be in touch.⁣

Design: @kelseyleighdesignco⁣
Build: @mcgregorhomes⁣
Staging: @thestagedlife⁣
Photo: @emilyhartphoto

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