Our real estate market is amazing right now. In 2020 we were headed for a COVID-inspired crash, but somehow the opposite happened and our five-year boom expanded. Today I’ll provide a statistical review of our 2020 Northwest Ohio marketplace, and explain what the numbers mean for our current market. In short, demand for homes is at an all-time high, and mortgage rates are at an all-time low.
Feel free to watch the video above in its entirety to get the full scoop on our market or use these timestamps to skip ahead to various sections at your leisure:
0:55—What low inventory and low interest rates have done to our market
2:41—Expensive houses are setting records, and home sales are at an all-time high
3:59—Home prices are going gangbusters
5:18—Some real-world stories of houses fetching multiple offers and selling over asking price
6:12—What do these observations mean moving forward in 2021?
6:39—Wrapping things up
As always, if you have questions about our Northwest Ohio market or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.
