With 2020 nearly in the rear-view mirror, let's look at what to expect for home buyers and sellers in 2021.
Prediction: Increased home prices that became a hallmark of the COVID-19 crisis may be here to stay.
Thought: Sellers can continue to capitalize, but it’s still important to price a property correctly at the start. Buyers will need an astute negotiator in their corner to get the best possible deal.
Prediction: Total active listings were down in 2020, but sellers will be more confident to list in 2021.
Thought: The sale price on a listing and the offer a seller is willing to accept depends greatly on the supply/demand balance. If there is more competition, that balance changes. As someone who has been working