10 Housing Records in 2021: Looking Back on the Last Year

A competent, knowledgeable Maryland Real Estate Agent, such as The Ashley M. Miller Team, Your Home Hero, can provide valuable guidance to people who are buying a home this 2022. Nevertheless, homebuyers should also be aware of the latest trends in the real estate market so they can make smart, informed choices. We will reveal to you the 10 housing records that were set in 2021.

Join us as we take an analytic look back on the real estate situation during the previous year. . We will also share how you can make the most out of your home purchase in Maryland.

10 Housing Records in 2021 People Buying a Home Should Know

The COVID-19 pandemic has transformed the real estate market in the past few years because of the high demand and low availability of homes:

1. Average U.S. Home Price Is $386,000

The average price of homes for sale in the U.S. rose to $386,000 in June 2021, which reflects a 24.4% increase compared to the previous year. This rate is considered one of the highest prices in the history of the nation.

2. Lowest Number of Homes for Sale Ever

Only 1.38 million houses were put up for sale last June 2021. With a 23% drop from the year before, this rate is considered as one of the lowest of all time.

3. Average Home Selling Period Is 15 Days

On average, homes in the country were sold within a 15-day timeframe. This time is considered the shortest ever in U.S. history.

4. 61.4% Accepted Offers for Homes in Two Weeks

In March 2021, 61.4% of homes in the market received accepted offers in two weeks. This fast turnover is an all-time high in the country’s housing records.

5. Over Half of U.S. Homes Sold for Prices Greater Than the List Price

56.5% of the houses for sale in June 2021 were sold for prices that were higher compared to the list price. Aside from reflecting a 26.9% increase from the previous year, it is also considered as one of the highest rates ever.

6. Mortgage Rates Dropped to 2.65%

As of January 7, 2021, the average 30-year fixed mortgage rate decreased to 2.65%. This rate is one of the lowest in the history of the nation.

7. Investors Bought Almost 1 Out of 5 U.S. Homes

In the third quarter of 2021, real estate investors purchased 18.2% of homes in the nation. On top of an 11.2% growth from the past year, it is also one of the highest statistics of all time.

8. Second Home Demand Practically Doubled

Because of the popularity of remote work during the pandemic, the demand for second homes in the country rose to 90% during the pandemic starting in 2020 and continued in 2021.

9. 31.5% Of Population Wants To Move to a Different Metro Area

Almost one-third of Americans were interested in transferring to a different metro area during the first quarter of 2021. This rate is a record high in U.S. history.

10. Average Sale Price of U.S. Luxury Homes Is $990,000

The average sale prices of luxury homes in the nation rose to $990,000 in the second quarter of 2021. This is one of the highest prices recorded in the country.

Maximize Your Home Purchase With the Help of a Maryland Real Estate Agent

Aside from keeping these 10 housing records in mind, connect with a Maryland Real Estate Agent if you are buying a home this 2022 to make the most out of your home purchase in the state of Maryland.

Call (717) 404-7048 or send us a message today to book an appointment with a real estate agent from Your Home Hero.

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Ashley M. Miller - Team Realtor

Meet Ashley M. Miller, Your Home Hero Ashley has been in real estate since October 2013 and has managed to become a well-loved, top producing, five star preferred, multi-million-dollar Realtor. Ashley is an honorable U.S. Army veteran and former U.S. Marine to which still carries the core values of loyalty, duty, respect, selfless service, honor, integrity, and personal courage. Ashley has been a member of the local community for the past 27 plus years and it is a personal goal that she continues to serve the people of her community with outstanding services. Ashley is also a magna cum laude graduate of Campbell University, NC with a Bachelor of Science in business management. All education, expertise, and training that Ashley has acquired over the years has only sharpened her ability to adequately provide real estate services and build amazing bonds with the public. Ashley carries a work ethic like no other and maintains a high level of dedication, honesty, and professionalism. She will ensure that her clients are always well informed and try her best to keep the real estate process stress free and exciting. Clients find Ashley as “strangers” and remain with her after their experience and “friends & family.” Ashley is also a certified Military Relocation Professional (MRP) which allows Ashley the ability to assist active-duty military personnel, cherished fellow veterans, and government employees. Understanding the elements of a military/veteran lifestyle is one expertise that Ashley holds near and dear to her heart. If one is seeking pure competence and dedication then Ashley is your pipeline to success, both Civilian and Military style! Ashley holds a high regard for family as she maintains a family of her own as a single parent. Ashley is the proud mother one little girl, “Izzy,” who is rapidly growing and at times, an added assistant to the clients we serve! Ashley understands complex schedules and is overly willing to accommodate your needs at times that work best for you and/or your family. The ability to work together on any and all levels will ensure pure satisfaction. In Ashley’s spare time she contributes to the local Mercersburg Area Swim Club (MASC) as the League Representative. Sports, gym time, and being active is important to Ashley in many ways; being healthy and maximizing life is top priority. Let this real estate soldier protect you and your best interests and allow Ashley the opportunity to be Your Home Hero for PA & MD!