The monthly housing market update for January 2021 is now available, and the trends for higher sale prices and low housing inventory have continued.
Average Sales prices were $298,192 at month end, up from $290,874 in December and up from $240,610 one year ago.
Inventory decreased to another record low with only 768 homes listed at month end, down from 1002 in December and down more sharply from 2051 one year ago in January 2020.
The lack of inventory means that it continues to be a Seller's market, with many homes bringing multiple offers and favorable terms for Sellers as Buyers scramble to compete for available homes.
If you would like to receive an updated property valuation with a Seller's Net Sheet to see what equity you might cash out for the sale of your home in the current market, please email me at NWFLHomes@gmail.com or call 850-449-0908. I would be happy to meet with you to discuss current housing market conditions and how to get the best price and terms when we list your home for sale. You can also click the link below for a quick market snapshot (the link does not provide a full property valuation).