Nearly 500 Buyers Secured Contracts On Homes In First Four Months of 2021
Scott P. Rogers
As shown above, for three of the past five years, around 430 - 440 buyers signed contracts to buy homes between January and April.
Two years ago, in 2019, there was a bit more contract activity than normal with 466 buyers signing contracts to buy homes.
But this year -- in 20201 -- we set new records! Nearly 500 (499) buyers (and sellers) signed contracts to buy (and sell) homes between January and April 2021.
You might ask -- how is this possible -- I heard inventory levels are super low!?
It actually works the other way around.
It is not remarkable or mysterious that this many buyers secured contracts to buy homes despite low inventory levels...
The inventory levels are so low because so many buyers secured contracts to buy homes!
Buckle up - this seems bound to be a fast paced year in the local real estate market!
