As we reflect on the first three quarters of 2021, the momentum that started in 2020 with a surge in buyer demand carried well into 2021 and the outlook continues to be very strong for Bear Trap owners!
In a typical year, we would expect some slow down as we head into the “off-season”, but there is nothing typical about this market. In fact, properties continue to go under contract very quickly (6 days median days-to-contract) and multiple offers continue to be the norm. As of October 1, there were just 2 single family and condo/townhomes for sale in Bear Trap versus 2 at this time last year and 19 in 2019!
As we have stated many times over the past year, it is hard to predict how long this market will last. Please call our Bear Trap Expert Gail Phelan if we can offer you any guidance: (302) 233-4909.