There has been nothing ‘normal’ about the past 12 months, except for the now old adage, ‘the new normal’. We have seen changes to the things that have been our most structured and reliable daily routines; our jobs, kids schooling, and even grocery shopping, now a whole new experience. At the end of the day, our most sacred place is our home, and it’s become common knowledge that purchasing a home in this market has been anything but normal.
If you have been one of the many looking for a new home in the last 12 months, you’ve heard over and again, ‘it’s a Seller’s market’. What exactly does this mean? And more importantly, what does it mean for YOU, the Buyer? The numbers are literally astounding, home values rose by double digits in 2020 and the sales of single-family homes increased 22.8% in Dec 2020, compared to Dec 2019, nationwide.