Our Founder & CEO Robert Reffkin recently joined CNBC’s Squawk Box to discuss the strength of the real estate market and the key indicators of future demand.
While every market is unique, here are some of the latest stats we're seeing that indicate national strength in the real estate market:
Search traffic on our website is up 108% year-over-year, indicating strong forward buyer demand.
National home prices are up 8% year-over-year, indicating stable and steady growth.
Users are spending more time on our website overall, with the average duration of time spent up 19% from last year, showing that not only are there more buyers, but they're more serious about finding a property that meets their needs.
The pandemic has changed the way we evaluate our homes. We’re noticing that certain features like outdoor space, home offices, and pools aren't just a passing trend — there’s real demand for these types of amenities that will extend into the fall.
Would you like a curated look at how the market is moving in your neighborhood? I’d be happy to put together a custom Collection of homes in your areas so you can keep an eye on pricing trends throughout the fall. And, as always, don’t hesitate to reach out if you have any questions.
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.
All material presented herein is intended for informational purposes only. Information is
compiled from sources deemed reliable but is subject to errors, omissions, changes in price,
condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any
description. All measurements and square footages are approximate. This is not intended to
solicit property already listed. Nothing herein shall be construed as legal, accounting or
other professional advice outside the realm of real estate brokerage.
