Despite unprecedented challenges we’ve seen in the real estate market with Covid-19, MLS data is indicating upward momentum and a positive outlook consumers.
MLS Data Indicates a Solid Recovery in the Housing Market
New listings are gaining ground, as MLS data reports show a healthy increase in the market within the Stellar coverage area over the past four out of five weeks.
2020 Pending Sales Outpace 2019 Stats
Pending sales are currently outpacing 2019 YOY reports. Compared to the current year, we see double-digit gains when comparing the current week to the prior 4-week and 8-week data sets. All signs point an improving real estate market!
Takeaways
Sellers can still expect top dollar for their homes as the inventory remains competitive, and buyers are out looking again (with low-interest rates prompting action, too).
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