We are all excited to close the door on 2020 and look forward to a NEW year with great hopes of health, renewed happiness, and possibly a NEW home! So, as you welcome the new year and your thoughts and dreams of what lies ahead and you begin to search for a new home we wanted to let you know of these three sectors of the market that are HOT, HOT, HOT! New Construction, Homes on Acreage, and Fixers
NEW CONSTRUCTION
As you have heard the inventory of homes on the market are at an all time low. In the real estate world we have a term: Months of Inventorywhich refers to home long it would take to sell all the homes on the market if no more were added. Currently of Months of Inventory in Thurston County is 0.9! That means that all the homes in our area would be sold in 27 days. By comparison, a balanced market is 5 months! Because the inventory is so low new construction becomes a hot commodity!
HOMES ON ACREAGE
The Pandemic has taught us that we can work from home. In fact, we don’t even have to live in the city in which we work. Consequently, people in larger cities are setting their eyes on areas that have more land, more space, and to them is more affordable.
FIXERS
Also because of the Pandemic people are spending more time at home and less time commuting and have time to work on their homes. So whether they are buying a fixer for themselves or to flip, the already popular fixer-uppers have grown in popularity
START YOUR SEARCH
While you are at home enjoying your long weekend, use these searches that we set up to continue your next real estate adventure!
