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Winter Real Estate in 2020

2020 home sales likely peaked for the year and are expected to pick back up early next year. ⠀ Finally something normal in 2020! Winter, especially holiday season, is always slower than the rest of the year. ⠀ Zillow forecasts closed home sales reached a high in September, and will temporarily slow down through January 2021. ⠀ Why the short-term sales slowdown? • fewer sales occurring that were deferred from earlier this year • historically low levels of available inventory for sale • people don’t like to move during the holidays ⠀ Growth expected to resume in early Spring and to remain firmly above pre-pandemic volume through most of 2021. ⠀ ⠀ ⠀ ⠀

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