Buyers continued to house hunt in November, way beyond normal levels.
November 2020 was the 6th straight month that showing activity has outpaced the previous 3 years. Record low interest rates have continued to motivate buyers, whether
- Purchasing a home for the first time
- Purchasing as a landlord
- Or moving up into a "forever" home
Despite prices rising steeply this year, the demand remains. Much of this has to do with interest rates that are keeping monthly mortgage payments really low.
Many think of Q4 as a tough season to sell a home.
Given the low inventory of available homes and strong buyer demand, this 4th quarter might be one of the best seasons ever.