2021 Real Estate Year End Recap

We’re filled with gratitude for our clients, and for a truly historic year in real estate. In 2021, empowered by low interest rates, a record number of home buyers found their forever homes. If you’re interested in the current market conditions, you’re in the right place.

2021 Recap

31% of all home buyers were first-time buyers*

92% of agents agree low interest rates continue to boost buyer demand in my market.^

$356,700: the median price of a U.S. home, a 14.9% increase from $310,400 the year prior, data from the National Association of Realtors’ existing-home sales report shows.^

53% of agents in Q3 report that inventory in their market is rising modestly. ^

76% of agents say that homes may still get multiple offers but with fewer bids per home.^

95% of agents report seller’s market conditions nationwide. It’s still a great time to sell a home!^

46% of agents say buyers will use savings amassed due to simplified living during the pandemic to afford homes in the current environment.^

45% of agents are seeing buyers turn to financial support from relatives or generational wealth to fund their home purchase.^

37% have seen buyers liquidate gains in stock market wealth since the beginnings of the pandemic to put toward a home.^

64% of agents in the Pacific region have seen a recent increase in ADUs/in-law units.^

*Source: 2021 NAR Home Buyer and Seller Generational Trends

^Source: Top Agent Insights for End of Year 2021

From the cities to the suburbs, thank you for choosing

us to help you find your place in the world.

If we can provide our insights on your next move,

please don’t hesitate to reach us.

We’re grateful for your business and your referrals.