Hard to believe we're nearing the half-way point of 2021! May is nearly over and June is almost here. Summer time! There are many interesting things going on in the Lawrence real estate market. Here are just a few:
Closed Transactions Down 8%
Average Price: $290,000
Median Price: $257,000
Days-on-Market: Median 8 Days
Sale Price to List Price Ratio: 103%
New Listings Down 57%
Almost all homes are seeing multiple offers.
Buyers are digging into the bag of tricks to land a home. Waiving inspections is now more common than ever before.
Appraisal issues are beginning to become more common.
It is a great time to sell! It will make for an interesting 2nd half of the year and there will be several metrics to watch. Will this be the first year in many that we don't sell more homes than the prior year? Sure looks like it. Will prices continue to rise? Or will the market begin to cool off and even out? Will more sellers feel comfortable listing their home as we shift out of the Pandemic?
We're going to keep an eye on it all as we go! It's already been a record-breaking year in sales for our young company, R+K Real Estate. We're grateful for our clients that we've closed already this year, and hopeful for those that are in the process now. And to top it all off, we've saved them tens of thousands of dollars in real estate commissions without sacrificing a single thing in service! In a market that's this hot, why pay a Realtor 6%?
Find out more about how we help home sellers, while providing full-service real estate while leveraging technology and change in the industry to the financial benefit of our clients by visiting our Seller Services Page.