Tarek Morshed Q1 Market Update 2020

Tarek Morshed Q1 Market Update 2020

Q1 2020 ended with very strong performance yet marred in uncertainty with covid and shelter-in-place orders.  Prices moved up a robust 3-4% and supply ended at a scant 2 months.  Tier-1 homes (priced right, no major flaws and wow factor) sold within days with multiple offers and average of 3-5% over list price.

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Tarek Morshed Q4 Market Update 2019

Tarek Morshed Q4 Market Update 2019

Q4 2019 ended even stronger than expected. Normally Q4 is a slower part of the year and it certainly was not the case this year. Prices moved up a strong 7%+ cumulatively for the year (I had predicted 5-7%) and inventory ended at a scant 2 months.

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