Which states are seeing the MOST sales increases??? Being a local Coachella Valley resident for 30+ years, I’m up to date on the local sales, but what’s going on in other states? I came across this article from Redfin that discusses what’s happening real estate wise across our other States. If you are looking to buy or sell land, residential or equestrian properties, give me a call. With over 20 years experience selling real estate in the Coachella Valley..Kim Kelly, 760-285-3578.
Keeping up on real estate trends is constant and always interesting! Take a look at these comparative Sales charts amongst the highest performing states. (Courtesy of Redfin) For the month of August, 2021.
Other August Highlights
- Indianapolis was the fastest market, with half of all homes pending sale in just 5 days, down from 7 days a year earlier. Denver, Oklahoma City, Seattle and Tacoma, WA were the next fastest markets with 6 median days on market.
- The most competitive market in August was Oakland, CA where 82.3% of homes sold above list price, followed by 78.3% in San Jose, CA, 74.8% in Rochester, NY, 71.7% in San Francisco, and 71.0% in Worcester, MA.
- Austin, TX had the nation’s highest price growth, rising 35.7% since last year to $475,000. Phoenix had the second highest growth at 25.2% year-over-year price growth, followed by Salt Lake City (24.3%), Tucson, AZ (23.5%), and North Port, FL (21.5%).
- 2 metros saw price declines in August: Milwaukee (-1.6%), and Bridgeport, CT (-1.1%).
- New York led the nation in year-over-year sales growth, up 64.8%, followed by Honolulu, HI, up 47.1%. Nassau County, NY rounded out the top three with sales up 32.0% from a year ago.
- New Orleans saw the largest decline in sales since last year, falling 23.4%. Home sales in Salt Lake City and Warren, MI declined by 16.1% and 14.3%, respectively.
- Austin, TX had the highest increase in the number of homes for sale, up 5.5% year over year, followed by Virginia Beach, VA (3.9%) and Columbus, OH (2.8%).
- Baton Rouge, LA had the largest decrease in overall active listings, falling 52.8% since last August. Salt Lake City (-51.8%), North Port, FL (-43.9%), and West Palm Beach, FL (-37.5%) also saw far fewer homes available on the market than a year ago.
- Miami (86.7%) had the largest share of homes predicted to sell for below list price, according to Redfin Estimate data, followed by Fort Lauderdale, FL (83.4%) and West Palm Beach, FL (82.0%).
- Oakland, CA (91.4%) had the largest share of homes predicted to sell at or above list price, followed by San Jose, CA (89.8%) and San Francisco (86.2%).