2021

Market Insights

Latest Issue — 2021 Report No. 1

A mESSAGE FROM OUR CEO

Despite the hardships of 2020, the real estate market showed resilience with strong demand and highly competitive supply.

Still, the new reality we’ve found ourselves in has immediately and profoundly changed the way consumers want to buy and sell homes, and is sure to have a lasting impact for the forseeable future. Read on to uncover insights for your local market.

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
2020 compared to 2019

-45%
Decrease in housing inventory
+15%
Increase in average home value, leading to shorter listing times and higher prices
Even
Number of homes sold were about the same
3.15%
Average mortgage rate, near all-time lows increasing affordability

The reports

Choose a region to get local insights and a forecast of what’s to come.

Southern New Jersey

Southeastern Pennsylvania

Northern Delaware

New Jersey Shore

Lehigh Valley

Central New Jersey

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