December 2020 housing market update

Posted on December 18, 2020

We’re in the final month of the year, which brings us a new housing market update.

Trends are still very similar when compared to the rest of the year. The median sales price and the average sales price are mostly trending up. At the same time, the housing inventory and the months supply are trending down.

So, what does this mean for you?

If you’re a buyer, make sure you understand it’s still a very competitive market – meaning there’s limited supply and another home may not be out there. If you’re a seller, price your home competitively to attract more buyers and hopefully more offers as a result.

Thank you for reading!

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As a first-time home buyer, John's guidance through this process was excellent. He provided support every step of the process and helped me know what do, when to do it, and, most importantly, why I was doing it. He was very responsive to my calls and/or texts, and helped push the entire process along in a timely manner. I appreciate all of John's help and am excited to be moving into my new home!

John helped me sell my house in Michigan while I was living out of state. Selling a home can be stressful and challenging, especially remotely. After working with another realtor that wasn't able to help us market and sell our home effectively, we were referred to John. John did a great job and I'd highly recommend anyone looking to sell their home with a high touch agent that cares.

It was an absolute pleasure working with Jeremy. He showed a tremendous amount of dedication and focus in looking out for my best interests. He was incredibly knowledgeable about every house we saw – going above and beyond to get me as much information as possible. I appreciated the level of clear communication throughout the entire process, and would recommend him 100 times over for anyone looking for help.

Working with Sara was a pleasure! Despite being in a down market, we not only landed in our dream home, but also sold our previous home without any issues! She was always available for all of our questions, including one-off requests. We felt like we were working with an old friend.

John is a highly qualified and noble person who will take care of you and any of your real estate needs. John went above and beyond in purchasing my first ever home in Livonia, MI. He is extremely attentive, informative, and lets you think for yourself while making such a huge financial decision without being pushy.

John listed our home in Tanglewood. After that, he took complete control of the whole process. We did not have to worry about a thing. He kept us updated whenever anything arose. I would highly recommend John to anyone who needs the services of a realtor.

Jeremy Goodman has gone “over and above the call” to make selling our home as seamless as possible. Not a single question or request went unanswered – even those that didn’t fall within his responsibilities. We cannot say enough about his professionalism, respect, timeliness in answering questions, knowledge of the process, and overall genuine concern for our level of comfort throughout.

Sara was the most amazing person we could have had in our corner in buying a house. We are first time home owners and had never had experience with any of the process. Sara walked us through everything step by step and had no problem dealing with all of our questions. She was patient, kind, courteous, knowledgeable, and made sure we found a home that met all our wishes.