Why is it that 50% less homes have sold in May compared to last year, but the price has increased by 12%? Is someone(s) buying up all the available homes, and are there not many homes for sale?
There are not as many homes for sale. In fact inventory levels are down about 50% compared to May of 2019, so there is a significant demand for homes that are for sale.
Hi there,
How much has a house in Orleans Wood gone up in the last 4 years?
Thank you.
Why is it that 50% less homes have sold in May compared to last year, but the price has increased by 12%? Is someone(s) buying up all the available homes, and are there not many homes for sale?
There are not as many homes for sale. In fact inventory levels are down about 50% compared to May of 2019, so there is a significant demand for homes that are for sale.