What's ahead in the fall market?

Dated: November 13 2020

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As buyers steamroll through the fall market at a frantic pace, the question many people are asking is "what's ahead in the fall market?"

While traditionally the market slows down as we approach the holidays, homes going under contract were up 63% compared to the 12 month pre-quarantine average! November is out performing last year by 38% through the first 12 days (based on daily average homes going under contract).

As we approach Thanksgiving, the holiday season and changing the calendar to 2021 (YES!), there are a few things that will remain constant and certain:

  • interest rates continue to be at all time lows making purchasing more attractive than ever to renters or first time buyers.
  • demand will stay hot! As the winter approaches, many urban renters are considering purchasing in the suburubs for more space and a yard.
  • top schools and transportation convenience and access are a constant draw. 
  • Inventory remains much lower than last year (while demand is high)

Contact me at 908-868-4800 so we can discuss your real estate goals. I realize everyone's goals and situations are unique. I am not a sales team! You get my personal attention from the time we meet until the time we close. I look forward to continuing the conversation. 

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Joseph Eberle

Thank you for visiting! I am Joe Eberle and I hope you and your family are safe and healthy. I am a full time realtor who prides myself on my personal and professional core values of Hard Work, Serv....

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