2021 Real Estate Update

Happy New Year! Wow- it feels great to have 2020 behind us. Let’s hope 2021 will be a better year for us all! To start off the 2021 blog, I wanted to do a real estate update to see how the Allegany/Mineral County market is doing.

Allegany County

Active Homes- 152  (This is down from my November update)

Pending- 89 (This is down from my November update)

SOLD in the Past 30 Days- 52 (This is down from my November update)

Average Sale Price- $130,346 (This is down from my November update)

Average DOM- 93  (This is up from my November update)

Mineral County

Active Homes- 40 (This is down from my November update)

Pending- 26 (This is down from my November update)

SOLD in the Past 30 Days- 19 (This is down from my November update)

Average Sale Price- $143,663 (This is down from my November update)

Average DOM- 79 (This is up from my November update)

Click here to see November’s Real Estate Update.

Takeaway? We are seeing longer days on the market and things seem to be slowing down. However, this could be due to the rising rates of COVID-19 in our area and the lack of suitable housing we currently have. This is still a good time to sell as there are pre-qualified buyers out there trying to take advantage of the low interest rates. It just might take a bit longer to find a buyer compared to the booming market we had this summer.

If you have been considering listing your home, give me a call and I will come out and do a free market analysis on your home.

Ally Litten 301-268-7504