2021 Market and Questions for 2022
Well 2021 has certainly been an interesting year in real estate. One thing that I have learned is that know matter how much we think we know..... there is Always more to learn. I have reviewed scores of agreements of sale that I had to reread 3 times because I was so blown away by the sale prices and the waivers that were included that I thought I was misunderstanding something. But I wasn't, the offers were unprecedented. So as we wind down the end of this year let's take a good look at where we are now. Below are 3 graphs of Southeast PA (which consists of the counties of: Philadelphia, Bucks, Montgomery, Delaware and Chester) These graphs represent all fee simple single family home sales. As of the date of this survey, we still have three more days left of the year for pending sales to close - there are 718 scheduled to close by 12/31/21.... odds are these below stats will not change much. This first graph represents 56,129 sales and the green columns show us what the media