July Market Update: Has the real estate market been affected by COVID-19? Has the real estate market been affected by COVID-19? That's the question that many people have on their minds these days.
Is my home really worth what it was worth in January and February, before COVID hit? I want to share some of the facts with you about what's happening in the July market.
You might laugh at this, but I remember not that long ago when the average sale price was $135,000. And it climbed to $168,000, about five or six years ago, $168,000 was the average sale price then. And we thought, wow!
Now, the average sale price for the month of June was $406,000. That's $406,000 is the average sale price. Now, year to date, the average sale…