If you are a homeowner who wants to sell the housing market is amazing. If you plan on buying a house this year the market isn’t so great. The prices are high and the competition is fierce. The low number of houses on the market is a nationwide challenge and here in the metro area, this is year 7 of a strong seller’s market.
It is possible that more people will want to sell after they have been vaccinated for Covid-19. However, home sellers will still have a hard time finding a house to buy.
Here is a look at the national housing market curtesy of the National Association of Realtors.
Locally new listings were down by 12% in February with prices at all-time highs and rising