Real estate trends are constantly changing. Here’s what you need to know about what’s happening in real estate in june 2021!
1. Houses are selling at a breakneck pace
Due to a lack of inventory and high demand, our country is experiencing one of the most competitive housing markets it has ever seen. Insinuating a genuine sense of urgency. Recent data from real estate brokerage Redfin, shows that the average house is selling in a matter of 18 days, which, when compared to last year’s figures, represents a 17-day decrease.
The rate at which homes are sold is much faster than this, evidently, 58% of listings are under contract in two weeks and 45% are under contract in just one week.