As we look to hit the reset button from 2020, energetically, I am struck by how similar the situations are that we face today.
- Increasing buyer demand
- Historically low mortgage rate environment (though this could be the beginning of the end, read here)
- Wonderfully attractive pricing for buyers (even lower now than January 2020, by 10% on average).
- A previous long period of softening prices (in 2020 we had already seen softening prices in 2017, 2018, and 2019).
So, are we picking up where we left off in January last year? The luxury market says so. The data says so. I believe it to be the case!
Take a look and let me know if you agree. Thanks! -Scott