June 2021 Real Estate Market Update

By
Real Estate Agent with Samson Properties 0225 093857

June 2021 Real Estate Market Update

June 2021 started out strong but we are seeing a slight slow down as buyers are getting contract fatig. After writing mulitpal offers and getting beat out, they are not as eager to do it again. 

As of  June 29 2021 
159 listings Coming Soon 
Average sale price has dropped slightly to $471,000 from $480,000 in May
861 Solds
970 Under Contract
511 Active
Days On market is on average 5
50% - 55% of all contracts seen higher than list price.
 
Here is a snapshot of May's Real Estate Market.  
Current Market 6-28-2021.pdf.jpg

Should you have any questions about the current real estate market, or any other real estate issues, I’m here as a resource.
 

Comments (2)

Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for the Gainesville, Virginia real estate market update.  It is interesting to be able to follow the markets in other areas of the country.

Jul 02, 2021 07:54 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Susan - is it contract fatigue or is it the lack of obtaining an accepted contract that is impacting prospective buyers? I can certainly understand how buyers can become frustrated with the overheated nature of the real estate market in many areas.   

Jul 02, 2021 10:38 AM