I received a flyer in the mail yesterday from TV showing the figures for the first quarter in sales and pending sales. 1,076 new homes sold in 90 days, that is amazing, the average time on the market for a new home was 8 days. Now I'm going from memory on the re-sales for the same period, I believe it was 880 sold at an average of 19 days. Add that to however many were sold by all of the MLS companies combined and there seems to be no end to this. When we bought our home in 2017 we decided to come down in May as the prices should drop due to less demand during the summer. Found out that wasn't true, I found the figures for the prior year of 2016, there were more homes sold in both May and July than any other month that year. People can say and forecasts whatever they want about interest rates, the economy, inflation, etc., etc, but there are a ton of people that really don't care what is happening in the world today, buyers with guaranteed pensions, investors looking for a better place to drop their dollars, those who know their homes up north will sell quickly also, they just keep coming. Another thought is that TV and other investors are building thousands of family units both to rent and to sell to get more workers here to fill the jobs that are being created, they would not continue doing this if they feared the near future.
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