Saline County Real Estate one of few Industries
The Real Estate industry in Saline County is one of the few industries that didn’t take a hit this year due to the Pandemic. This is true across the country as a matter of fact. Existing-home sales in October were 27% higher than a year ago and New-home sales were up 32%. This is certainly not what we pictured last March when everything shut down. People stopped listing their homes, no buyers wanted to be out looking in close quarters.
But even in a Pandemic, people have to move. In fact, the pandemic caused people to need to move. People started to work from home, so they needed an office space. Once they realized they didn’t need to go to an office every day people wanted to move out of the urban areas. They wanted space, good schools and retail. Hello Saline County! They couldn’t travel so they “statcationed” at home. This means they want bigger yards, more play space. Homes with Swimming Pools have become a very hot commodity. And let’s not even start talking about space for home schooling.
So, our industry adapted. We had to continue to take care of our clients, but in a safe way. Technology was probably the biggest aid in that. By utilizing some tools that we already had and integrating new ones we were able to serve our clients in many new ways. Video chat such as Facetime, Duo and Skype have become standard fare for most agents. Virtual and 3D Open Houses became the norm. Electronic signatures are pretty much the norm now with the simplified technology. I can even arrange a totally contact free transaction to keep everyone healthy.
Another driver for people thinking of moving are the Mortgage interest rates. They remain historically low. The Fed reiterated after its latest policy meeting that it expects to keep its short-term benchmark interest rate near zero at least into 2023. This is good news on many fronts, particularly for the Housing and development arena. All of this points to the continued success of the Housing market in Saline County.
Let’s take a look at Year-to-Date numbers- Saline County / Single Family Residences:
All Sold 2089 with about 350 being New Construction.
Median Price $180,000
Median Days on Market 7
Even though the Housing industry has weathered the Pandemic well, I hope 2021 is better year for all of us. I miss the face-to-face communication and the handshakes. Until then, I will continue to utilize the new skills and tools that I have acquired this year to continue helping buyers and sellers in Saline County. If you ever want to talk Real Estate, I’m Fluent!
Thinking about buying or selling a home? I can help make the process easy, get in touch today!
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-Doug Robinson/Baxley-Penfield-Moudy Realtors
“Your Best Friend in Real Estate”
www.SalineCounty.RealEstate
Connect with me on my Homesnap account! The best way to search for a home! https://www.homesnap.com/Doug-Robinson
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