Weekly Special | November 23, 2020

How Does This Pandemic Year Rank?

How does 2020 rank based upon the number of homes sold through October?

Bar chart ranking 2020 against the past 18 years for homes sold by price category from below $100K to above $1M, with 2020 ranked first above $200K.

Our graph provides the answer.

Starting at the top, this cumulative reveal shows that for all price ranges, 2020 is the fifth-best year on record.

If we just look at homes priced below $100K, then it is the 14th-best year on record. This is not surprising as home prices have moved up high enough that a sub-$100K home will soon be unicorn.

Now it starts to get interesting. For just those homes above $100K, 2020 is the third strongest year.

Same holds true for homes above $150K.

For all homes sold above $200K, 2020 is the strongest year on record.

You can follow the graph all the way down and see there is one “bubble”

in the results that show that for homes price above $700K, it’s only the second-best year ever. But after that, it’s nothing but blue ribbons.

If you have been thinking about selling a home, this is the strongest seller’s market that I have seen in my thirty years selling homes in Tallahassee.

Hire the right real estate agent, choose the right asking price, and you will sell fast and for top dollar!

The original one-page Weekly Special PDF is still available.

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