Trends in home buyers and home sellers across America are reflected in our hyperlocal markets. The National Association of Realtors conducts broad surveys to understand the real estate market. 

At an all time high in 2020 was the use of a real estate agent with almost 9 in 10 home sellers using a professional. 

One statistic that doesn’t surprise me is that “The median distance between the home that recent buyers purchased and the home they moved from was only 15 miles.” It is very common to sell in Upland and buy in Glendora, or sell in Beaumont and buy in Redlands.

The most difficult step in the home buying process was saving for a downpayment, according to 11 percent of home buyers. Between life expenses, rent, and unexpected costs, your savings account can quickly be stalled or drained. 

Most home buyers searched for eight weeks and looked at a median of nine homes. In this market, eight weeks can feel like two years. Most home buyers have to write up offers on different homes before getting an offer accepted. 

As the weather warms up, schools let out, and we get closer to the full state reopening, summer 2021 is looking different than it did last year. 

Summer 2021

June 15th marks the reopening of the state of California and many states across the country are on schedule to reopen or already have. Dodger Stadium is reopening, summer school is meeting in person, and outdoor dining is now a trend and not a requirement. At KALEO Real Estate Company, here are a few things that we are looking forward to:

– Open houses on listings

– More live concerts and sporting events

– Reconnecting with friends, family, and past clients 

 

If you are curious about how much your home is worth (even if you don’t want to sell) reply to this email and I will get you that number. You might be surprised by how many properties have increased in value and by how much! 

 

 

Source:

https://cdn.nar.realtor/sites/default/files/documents/2020-profile-of-home-buyers-and-sellers-11-11-2020.pdf

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.