The State of Real Estate in Macon County - 3rd Quarter 2020 Update
Posted by Ryan Campbell on
With a global health crisis continuing to loom over our daily lives, all of us have changed , not only how we spend our time, but where we spend our time. As we’ve navigated through 2020, the old expression “to put your house in order” has taken on a new meaning with many families making big changes and big moves. What has this created? A robust local real estate market with many clues that the modest pace will continue through the rest of the year.
Let’s take a look at how the stats are stacking up compared to the previous year. With 448 sales in the 3rd quarter 2020 vs. 402 sales in the 3rd quarter of 2019, the encouraging results are a 11.44% increase in units sold and 17.89% increase in Dollar Volume as compared to the same period in 2019 with…
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Is Your Home Ready for the Winter? Whether we like it or not, the temperatures are slowly dropping and, within in a few short months, winter will be here! Being a homeowner means there’s certain maintenance required throughout the year to keep your home in high functioning shape. When it comes to winter prep work, the time and care you take now means keeping you warm and safe during cold months ahead.
As low inventory and low-interest rates continue to fuel our hot local real estate market, homeowners are aware of the temperature and eager to take advantage. When considering putting your home on the market, one of the big questions potential sellers want to know is “what’s my home worth?”
Unique economic and health uncertainty have changed our daily lives, our interactions, and the way we conduct business. For some of us, it has offered new perspective into our wants and needs. A home where once content, we’ve now discovered it’s time to make a change.
As we rounded the halfway point of 2020, we reflected back on the 6 months behind us. We’ve moved from a pandemic lockdown to a gradual reopening. The novel coronavirus (COVID-19) has reshaped how we live our lives. Unique health, social, and economic factors have intersected to create an equally unique housing environment. Even during these inclement times, our local real estate market remains strong. As we emerge from these unprecedented times, we take stock of the present and make plans to move forward.
The housing inventory continues to ride lean and low in Macon County. For home buyers, that means increased competition, and in some cases, even bidding wars.
2020 has been a year of improvising and transitioning to virtual platforms, and real estate is no different. We've had to adapt many of the ways we collaborate as a team, show houses to buyers, market our sellers' listings, and sign contracts.