Glyde Realty Group

Houses continue to sell quickly in today’s real estate market. This July, close to 90 percent of homes sold in under a month. If you’re hoping for a fast and efficient home sale, DM me today so we can get started.

There are many headlines out there that claim we’re reverting to a more normal real estate market. Here’s the definition of normal from the Merriam-Webster Dictionary: “conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.” Using this definition, here are five housing industry metrics that prove we’re nowhere near normal.

>>Mortgage Rates
Today, the average mortgage rate stands at 2.87%, which is very close to the historic low.
Currently, mortgage rates are anything but usual, typical, or routine.

>>Home Price Appreciation
According to Black Knight, the average annual appreciation on residential real estate prices since 1995 has been 4.14%. According to the latest forecast from NAR, home price appreciation will hit 14.1% this year.
Currently, home price appreciation is anything but usual, typical, or routine.

>>Months...

5 Reasons Today's Housing Market Is Anything but Normal There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even...