Park Circle Market Update April 2021

Summer is in full swing and the Real Estate market is still red hot with very few signs of cooling. Prices continue to soar, but lumber prices are thankfully starting to come back down. Unfortunately, due to Covid-related restrictions, the cost of paint is going up due to limited supply. This is bad news for those still looking to freshen up their home with a pop of color.Let's take a look at the market...

The month of May saw the following trends continue: Inventory remains low and demand remains strongLimited supply = record-high home pricesLumber prices, supply and demand, migration from northern cities to warmer climates, low interest rates.  It's all combining to create a real estate market that is short on available housing and increased competition for properties that are on the market. Let's take...

The month of April saw the following trends: Inventory is low and demand remains strongProspective buyers shopping today have 52% fewer homes to choose from than at this time last year, according to Realtor.com's Monthly Housing Trends Report.  Less than half the usual supply = record-high home pricesIt comes down to supply and demand. The fact is, housing supply is down and this lack of inventory is...