2021 market

What’s Motivating People to Move

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There are a variety of different reasons why Americans are moving this year. The health crisis has truly reshaped people’s lifestyles and needs. Many folks are spending so much more time in their homes and it has made them reconsider what homeownership truly means to them.

The COVID-19 pandemic has been a major influence on consumers moves in 2020 and 2021. Whether it because they wanted to be closer to family, change in employment status or a desire for a change in lifestyle.

Remote work has become the new norm. For some, its lasting much longer than initially anticipated. Maybe your current home isn’t optimally designed for a make shift home office and it is creating a challenging working environment. Many of the current workforce is discovering that they don’t need to live so close to the office anymore and they aren’t making that daily commute. Many consumers are realizing that they can get a little more for their money if they move further away from the city.

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2021 Market Update

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2021 is the year of the seller when it comes to the housing market. If you own property and you are thinking of selling, now is the perfect time to do so. There is so much opportunity for homeowners that are looking to make a move. The inventory is low and the mortgage rates are even lower.

According to NEREN, we have about a 1.5 month supply of listings currently in the State of New Hampshire. High buyer interest is creating a major imbalance between supply and demand. There has been a small uptick the last few weeks in housing inventory, due to sellers beginning to reenter the market. If you decide to put your home on the market, now is the time because you will get more activity on your house before more listings come available to the market later this summer.

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