Our connection on the “inside,” C.A.R. Analyst Guillermo Flores, had some surprises for us this month regarding home sales numbers in our area.
“We really thought August was the peak of what was shaping to be an over extended home-buying season, but this last month slightly defied our expectations, as sales climbed to their highest level in more than a decade.
“The median home price set another high for the fourth straight month. While these [numbers] are good news for our members and also current home owners, in the long run it is only worsening our lack of inventory and affordability issues.
“I definitely encourage you to read what our 2020 C.A.R President, Jeanne Radsick, and our SVP & Chief Economist, Leslie Appleton-Young, had to say about the market in our September Sales & Price press release.”
Note to CVAR members: Leslie will also give the post-election Economic Forecast to association members at the Real Estate FORWARD Micro-Conference,free to CVAR memberson Nov. 19!”
Guillermo also reminds CVAR members that we can download and share the City & County reports available in the Interactive Market Stats section of the car.org website.
“And don’t forget to check our Coronavirus [car.org/Coronavirus] website for the latest industry-related updates during this pandemic.”