Everything You Need to Know – Real Estate Market Update January 2021

Covid-19's impact on key trends

Covid-19 and Shelter in Place orders have continued to affect industries and consumer trends nationwide. We pulled some data thanks to PWC's report on 2021's Emerging Real Estate Trends You can find the full 117-page report here.

Geographic Shifts - the great american move

People are on the move! From urban metros - Seattle, San Francisco, Los Angeles New York, etc to suburban areas - Boise, Phoenix, Dalls, San Antonio, Houston, Nashville, Orlando, etc. We pulled some data thanks to PWC's report on 2021's Emerging Real Estate Trends You can find the full 117-page report here.

Biggest demography changes 2020-2030

  • The retiree population will grow by 17.1 million people
  • The family formation population (30-49) will grow by 8.4 million people 
Where are investors and builders going?

Here are the places investors and builders are going.

list to sales price trends

List to Sales Price has fallen for 2 consecutive months, however, this is in contract to our observations of heavy showings, disclosure requests and multiple offer scenarios.

Available vs sold inventory trends

available inventory vs sold ssan mateo county 2021 january

Available inventory has sharply decline to >50% in January compared to Sept 2020. We expect is low supply, high demand dynamic to drive home prices up for Q1 of 2021.

Months of inventory trends

inventory wlrea san mateo county 

Months of inventory has hit 12 month lows to finish 2020. We expect inventory to increase, however, not at the rate which there is demand.

interest rates

Interest rates remain low. Most homebuyers will utilize a jumbo 30 year fixed rate loan. It is currently sitting at 2.875%. Refinance rates may be higher. Consult your lender for more detailed information.

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