Jenna Davis June 9, 2021
#jennadavishomes #theclosers @realtorjennadavis
Zelman & Associates reports that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:
Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020.That large second-home retreat on a lake or in the mountains would demand a higher price than the average…
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