RMLS Market Action Report / by Lee McKnight

The January stats aren't out yet, so we are left still staring at the December stats which paint a pretty grim picture for buyers and a rosy one for sellers. With record low months of inventory, hopefully the trend of new listings that I am seeing on the ground will continue and we will start to see a slow return to a more balanced market.

One trend of note is the higher appreciation in the suburban areas. As folks look to get more distance and have more land to recreate, entertain and socially distance, the typically red hot urban neighborhoods are taking a back seat to suburban and even rural areas.

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