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The Wendy Monday

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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