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 property 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, September sales outpaced August as 39 properties went under contract in Sept. versus 34 in August. Properties continue to sell very quickly (many within just a couple of days) and multiple offers continue to be the norm. As of October 1, there were just 38 single family and condo/townhomes for sale in the Bethany-Fenwick area versus 43 at this time last year and 218 in 2019!
As we have stated many times over the past year, it is hard to predict how long this market will last. Please give us a call if we can offer you guidance.