April 2021 Real Estate News
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This month’s April 2021 Real Estate News includes tips for making potential buyers looks twice with curb appeal updates and a look at how buyer demand is continuing to drive up home prices. Also, learn more when to waive a home inspection contingency, spring home decor updates and natural ingredients for a greener spring clean. All of this and more in the April 2021 Real Estate News.
Buyer Demand Continues to Drive Up Home Prices
For the 107th month in a row, national home prices climbed year over year, according to the National Association of Realtors (NAR). Every sales region in the country posted price increases, with the median existing-home price rising 14.1% from a year earlier.
The rising sales prices, however, did little to deter buyers, as every sales region posted year-over-year double-digit increases in existing-home sales. When comparing month-over-month sales activity, rates varied from region to region. The demand for homes is reflected in the rate at which homes are remaining on the market.
In January, the average home sold in just 21 days, unchanged from December but down significantly from the 43 days a home remained available just a year ago. Of all the homes sold in January 2021, 71% were sold in under one month
April 2021 Real Estate News
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