Your monthly market update is here! We’ve compiled the most important data regarding the real estate market, so you have the information you need to make your next move. Whether you’re planning to buy, sell, or both in 2021, we want to make sure you feel prepared and confident about your decision.

New Homes Coming on the Market

1,692 homes came on the market in the month of August.* This is fairly consistent with what we’ve been seeing in 2021. Once builders can catch up following the material shortages, inventory will start to increase again.

Homes Going off the Market

About 1,500 homes went under contract in the month of August, leaving only a couple hundred homes up for grabs. You may have heard, “there are no homes for sale!” Well that’s not entirely true. Plenty of homes are going on the market; they just don’t stay on the market for long.

Key takeaway: act fast!

This is where a great realtor can add a lot of value. Because it’s a fast-paced market right now, an aggressive agent will assure you’re not wasting any time. With a House Match Agent for example, you’ll be escorted into the best homes as soon as they hop on the market (or sooner 😉).

Other Important Factors

Interest rates are still sitting in the 2.8-3.0% range, making buying a more affordable option than renting in most cases.

Home prices are staying steady, which presents a great opportunity for sellers to maximize their dollar.

Although there are still multiple offer situations, the market is far less competitive now than it was earlier this year.

Check out the video below for more information, or give us a call at (941) 260-0144 if you have any questions about today’s real estate market!

*Please note that these numbers reflect the market stats for the month of August. September’s stats will come out at the end of this month, so stay tuned!