I have decided to include the "hope" sign as a continued mantra for 2021. We are hopeful our lives will get back to normal this year. I hope that you and your families are able to stay safe during these uncertain times.
When we went into lockdown in March, the real estate market, like most industries, went into a deep freeze. However, by mid-May buyers and sellers who truly wanted to make a change, decided to navigate buying and selling homes during a pandemic and the momentum grew throughout the summer. 2020 did not follow any typical sales pattern but at the end of the year, all statistics were significantly up in 2020 vs 2019!
In Hingham, home sales were up by 20%! Median sale price was up by almost 10% and there was a 5% increase in total sales. Read below for more details.
What can we expect in 2021?
What I forecast:
1. Continued low interest rates.
2. Buyers will want to move from "city living" to the suburbs.
3. Jobs will continue have more workplace flexibility.
4.Home offices are a high priority.
5. Less COVID!
I suspect the vaccine will be a game changer.
Bottom line, myself and expert forecasters predict a positive real estate market for SELLERS. If you live locally and are thinking about making a change, let's chat. NOW is a great time to think about selling. We need homes!
Thank you! -A big thank you to my clients and customers! I had a great 2020 considering all the craziness of the year. I look forward to earning your support in 2021 as well.
Mortgages- I have provided the latest on mortgage rates from Kevin Byrne with Bluestone Bank. He is my "Go To" person as he is responsive, professional, reliable and offers very competitive mortgage rate options.
My New Newsletter Format! You may notice that my newsletter format is new and streamlined. I hope you like it!
As always, if you have any questions about the local real estate market or would like to discuss purchasing or selling a home, I am just a phone call, text or click away.