April 2021 Market Update: Are We FINALLY Seeing the Market Turn?Posted by Michael Perna on
Are we finally seeing the market turn? Is the bubble bursting or is this the new norm? Let's take a look at some facts and stats in your April Real Estate Market Report and see what's been happening and likely to happen moving forward.
We had an outstanding April with the first two weeks taking off like a rocket and seeing a jump of 20-25% increase of new properties hitting the market. In the second half we did slow down just a touch. In March we saw roughly 12,500 new homes come to market. In April we were looking to exceed 15,000 new homes but ended up at 13,517. So a slight increase of 1,098 new homes in comparison to last month, with the largest increase being in the $250-$300K and $500-$600K brackets.
For homes sold, we had 9,438…
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