2020 has been a remarkable year for the housing market nationwide. Sales volume has been up compared to last year every month since June and home values are growing faster than they have in the last 15 years. In addition to home values rising, the time on market is almost three weeks lower than it was in 2019. This year over 5.66 million homes have been sold and market analysts believe next year that number will rise even further, hitting a possible 6.9 million homes sold. As supply continues to dwindle and demand continues to rise along with the adaption of more technology increasing the ease of purchasing a home, 2021 should be another strong year for the housing market.
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