December 2021 Local Home Sales Report: Cincinnati; N Kentucky; SE Indiana; Dayton and Springfield, Ohio

December 2021 local home sales report

Here is the December 2021 local home sales report: Overall for 2021 in Cincinnati the number of homes sold, median sales price and sales volume increased as compared to 2020. December 2021 set a record with the highest sales volume ever recorded. In the Dayton region, this area saw records for the entire year in average price, median price, sold homes and sales volume. Northern Kentucky broke records for the year in sales and dollar volume of sold listings.

Here is a report by region of homes sales throughout December 2021 as well as the entire year:

CINCINNATI OHIO / SOUTHEASTERN INDIANA

December 2021 vs December 2020

  • -3.5% Decrease in homes sold (2,209 homes)
  • 7.0% Increase in median sale price ($230,000)
  • 2.7% Increase in sales volume ($604,179,377)
  • -3.8% Decrease in active homes for sale (2,209 units)
  • -9.7% Decrease in new listings (1,456 units)

January–December 2021 vs January–December 2020

  • 3.7% Increase in homes sold (27,704 homes vs 26,726 homes)
  • 13.5% Increase in median sale price ($235,000 vs $207,000)
  • 17.6% Increase in sales volume ($7,785,568,512 vs $6,662,631,043)

Statistics courtesy of Cincinnati Area Board of Realtors December 2021 Home Sales Report

DAYTON AND SPRINGFIELD OHIO

December 2021 vs December 2020

  • 1.59% Increase in homes sold (1,471 units vs 1,448 units)
  • 9.54% Increase in average sale price ($218,706 vs $199,665)
  • 7.56% Increase in median sale price ($185,000 vs $172,000)
  • 11.28% Increase in gross sales volume ($321,716,537 vs $289,114,444)
  • -.32 Decrease in new listing units (944 vs 947)

    January – December 2021 vs January–December 2020
  • 1.94% Increase in unit homes sold (17,618 vs 17,283)
  • 11.38% Increase in average sale price ($219,308 vs $196,897)
  • 8.82% Increase in median sale price ($185,000 vs $170,000)
  • 13.54% Increase in gross sales volume ($3,863,776,025 vs $3,402,979,256)
  • 1.50% Increase in new listings (19,626 vs 19,336)

Statistics courtesy of Dayton Realtors December 2021 Home Sales Report

NORTHERN KENTUCKY

December 2021 vs December 2020

  • 4.42% Increase in homes sold (708 homes vs 678 homes)
  • 21.12% Increase in average sale price ($289,674 vs $239,168)
  • 19.33% Increase in median sale price ($250,000 vs $209,500)
  • 26.85% Increase in sales volume ($205,089,865 vs $161,677,636)

January – December 2021 vs January – December 2020

  • .38% Increase in homes sold (7,914 homes vs 7,884 homes)
  • 15.25% Increase in average sale price ($264,378 vs $229,398)
  • 14.85% Increase in median sale price ($232,000 vs $202,000)
  • 15.69% Increase in sales volume ($2,092,287,885 vs $1,8008,578,174)

Statistics courtesy of N Kentucky Association of Realtors®.

Look at local homes for sale.

Is Winter a Good Time to Sell Your Home?

Why sell your home during winter

The “summer buying season” got its name for a reason: it is by far the busiest time for real estate sales in the calendar year. However, this fact seems to have also created something of an unfair negative view of other times to both sell and buy properties. In fact, some experts say there are actual benefits to putting a property up for sale over the course of the winter.

Industry data suggests homes put up for sale in winter sell more quickly than those in the summer, according to several reports. This outcome is also true when it comes to buyers meeting sellers’ initial asking prices. And while these sales conditions may seem counterintuitive to some homeowners, it’s important to remember one thing: More people put their homes up for sale in the summer, so there’s more competition on both the buying and selling sides of the market.

Why winter is a great time for sellers
While most would-be sellers think it’s wise to put their properties up for sale in May or June, those who do so in January, February, and March are more likely to find a captive audience of hopeful buyers, the report said. Moreover, because there’s so much competition in the summer and even fall months, homes can sometimes stay on the market for a few extra months.

But those who decide to put their homes on the market in the winter months initially may find that while there are fewer buyers actively looking to make a purchase at that time of year, those who are in the market could be more motivated to get the  deal done. A smaller market doesn’t necessarily mean one that is less likely to be conducive to making deals, and there can be a significant benefit that comes from listing in winter for those looking to close quickly.

Beneficial for buyers as well
Meanwhile, because of all the people in the market in summer, bidding wars can get heated quickly, resulting in higher sales prices overall, according to new NerdWallet data. That might be good for many sellers, but buyers looking to find a bargain on a home will likely do better to wait out the competition and seek to purchase in fall and winter instead.

“If your circumstances give you the freedom to be able to choose the best time to look to sign a contract on a new home, there’s no question that the market dynamics favor you the most to do that in the dead of winter, ideally in January or February, right before the activity starts to heat up,” Jonathan Smoke, chief economist for Realtor.com, told the news source.

With all this in mind, sellers will have to weigh what is more important to them as part of their home sales goals: maximizing their sale prices or getting through the process as quickly as possible. Each objective has its own merits, so how those realities apply to individual owners may vary significantly. Working with a real estate professional can help owners make the decision that works best for them.

Look at homes for sale.

 

October 2021 Local Home Sales Report

October 2021 home sales report Sibcy Cline

Most local regions have seen an increase year-to-date for homes from January through October 2021. Mortgage rates remain low. Home values are still high. With a low inventory of homes for sales, it’s a great time to list your home to sale and then purchase that dream home.

Here is a report by region of homes sales throughout October 2021:

CINCINNATI OHIO / SOUTHEASTERN INDIANA

October 2021 vs October 2020

  • -8.1% Decrease in homes sold (2,386 homes)
  • 10.3% Increase in median sale price ($235,000)
  • .2% Decrease in sales volume ($665,980,902)
  • -7.3% Decrease in active homes for sale (2,287 units)
  • -5.6% Increase in new listings (2,744 units)

January–October 2021 vs January–October 2020

  • 3.5% Increase in homes sold (23,017 homes vs 22,236 homes)
  • 14.6% Increase in median sale price ($235,000 vs $205,000)
  • 18.2% Increase in sales volume ($6,478,339,611 vs $5,482,065,055)

Statistics courtesy of Cincinnati Area Board of Realtors October 2021 Home Sales Report

DAYTON AND SPRINGFIELD OHIO

October 2021 vs October 2020

  • -5.45% Decrease in homes sold (1,762 units vs 1,806 units)
  • 7.6% Increase in average sale price ($221,990 vs $206,007)
  • 5.61% Increase in median sale price ($190,000 vs $179,900)
  • 1.88% Increase in gross sales volume ($346,526,556 vs $340,117,884)
  • -2.44% Decrease in new listing units (1,762 vs 1,806)

    January – October 2021 vs January–October 2020
  • 1.82% Increase in unit homes sold (14,610 vs 14,349)
  • 11.46% Increase in average sale price ($218,927 vs $196,415)
  • 8.89% Increase in median sale price ($185,000 vs $169,900)
  • 13.49% Increase in gross sales volume ($3,198,520,456 vs $2,818,351,913)
  • 1.61% Increase in new listings (17,343 vs 17,068)

Statistics courtesy of Dayton Realtors October 2021 Home Sales Report

NORTHERN KENTUCKY

October 2021 vs October 2020

  • -19.31% Decrease in homes sold (635 homes vs 787 homes)
  • 14.40% Increase in average sale price ($268,380 vs $234,603)
  • 9.52% Increase in median sale price ($230,000 vs $210,000)
  • -7.70% Decrease in sales volume ($170,421,908 vs $184,632,750)

January – October 2021 vs January – October 2020

  • -.93% Decrease in homes sold (6,464 homes vs 6,525 homes)
  • 14.34% Increase in average sale price ($259,704 vs $227,135)
  • 14.95% Increase in median sale price ($229,900 vs $200,000)
  • 13.27% Increase in sales volume ($1,678,091 vs $1,482,056,224)

Statistics courtesy of Northern Kentucky Association of Realtors. October 2021 Home Sales Report

Look at homes for sale here.

7 Smart Reasons to Use Your Home Equity

Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”

-Freddie Mac

The past year may have had its challenges, but there have been some silver linings. Home values, for example, have risen rapidly resulting in huge equity gains for homeowners. Why is this? Sibcy Cline Senior Loan Officer Damon DiBari explains how the market is balancing itself: “The housing market crisis in 2007 and uncertainty in the market in the 2010’s have kept market growth very low until 2019.  If you bought your home in 2019 or earlier, your equity has increased significantly due to this ‘catch up’ in price.”

This catch up in price has resulted in home values increasing rapidly. The average amount of equity that homeowners have gained in the last year is over $33,000 and the average homeowner has over $216,000 in equity (Source: CoreLogic).

These gains in equity are great news for homeowners. According to Jay Buten, VP of Production for Sibcy Cline Mortgage Services, “Now is a great time for homeowners to take advantage of the increased values and utilize the equity to improve their overall financial picture.”

There are many ways that homeowners can choose to use their equity to give themselves a leg up financially, from debt consolidation to college expenses. “It’s a great time for homeowners to evaluate their personal finances and look for opportunities to benefit from the increased equity they have gained.” said Buten.

Think you might be able to use your equity? Here are 7 smart ways to consider:

1. Move Up to Your Dream Home

One of the most common ways that homeowners use their equity is to sell their home in order to buy or build something more suitable to their needs. Sellers can use the cash they make at closing for their next down payment OR take out a bridge loan that allows them to borrow that cash before they close to make their down payment on a new home. 

2. Home Improvements

Improving your home can further increase its value and your equity, depending on the type of improvements you choose to do. 

3. College Costs

This can make sense when the interest rates are lower than other sources for borrowing money for education. 

4. Debt Consolidation

Homeowners can save money by using equity to pay off high-interest debt. 

5. Long-Term Investments

Some long-term investments, such as a second home or rental property, can be worth drawing on your equity. 

6. Wedding

Rather than using credit cards or other high-interest sources to fund a wedding, consider drawing on your home equity to celebrate this long-term commitment.

7. Start a business

Starting a business or investing in a current one can bring a huge return on the investment of your equity.

Ready to get started on buying or refinancing? Reach out to one of our Sibcy Cline loan officers!

April Home Sales Report for Cincinnati; Northern Kentucky; Southeast Indiana; and Dayton and Springfield, Ohio

April 2021 home sale report

Through April, Cincinnati’s median home sale prices increased by over 23, setting a record. Sales volume increased by 30%. In Dayton, the average sale price was up almost 20% from last year. Sales volume increased by 42%. In Northern Kentucky, home sales rose by 12% and sales volume increased by almost 33%.

Mortgage rates are low. Home values are high. It’s a great time to list your home for sale and for buyers to find their dream home.

Here is a report by region of homes sales throughout April 2021:

CINCINNATI OHIO / SOUTHEASTERN INDIANA

April 2021 vs April 2020

  • 7.3% Increase in homes sold (2,071 homes)
  • 23.7% Increase in median sale price ($235,069)
  • 30.1% Increase in sales volume ($588,125,103)
  • -46.4% Decrease in active homes for sale (1,571 units)
  • 21.5% Increase in new listings (2,884)

January–April 2021 vs January–April 2020

  • 6.0% Increase in homes sold (7,307 homes)
  • 15.9% Increase in median sale price ($218,000)
  • 23.2% Increase in sales volume ($1,921,714,806)

Statistics courtesy of Cincinnati Area Board of Realtors® April 2021 Home Sales Report

DAYTON AND SPRINGFIELD OHIO

April 2021 vs April 2020

  • 19.77% Increase in homes sold (1,357units)
  • 19.09% Increase in average sale price ($223,363)
  • 16.56% Increase in median sale price ($190,000)
  • 42.63% Increase in gross sales volume ($303,100,000)
  • 28.35% Increase in new listing units (1,761)

    Year to Date:
    6.14% Increase in unit homes sold
    13.86% Increase in average sale price
    20.85% Increase in gross sales volume

Statistics courtesy of Dayton Realtors April 2021 Home Sales Report

NORTHERN KENTUCKY

April 2021 vs April 2020

  • 12.38% Increase in homes sold (581 homes vs 517 homes)
  • 18.18% Increase in average sale price ($257,306 vs $217,722)
  • 16.15% Increase in median sale price ($226,500 vs $195,000)
  • 32.81% Increase in sales volume ($149,495,355 vs $112,562,356)

Year To Date:
9.08% Increase in units sold
13.49% Increase in average sale price
16.53% Increase in median sale price
23.80% Increase in sales volume

Statistics courtesy of Northern Kentucky Association of Realtors® April 2021 Home Sales Report

February Local Home Sales Report

February Local Home Sales Report Sibcy Cline Realtors

February 2021 saw lots of snow and ice with winter in full force upon the region. With such fierce winter conditions, homes still sold! In Cincinnati, the median sales price increased (over the prior year) for the 22nd consecutive month. The median days on market was just three days – a 57% decrease from February 2020. In Northern Kentucky, home sales for February rose by 6% and sales prices increased by almost 14%. In the Dayton region, home sales units increased from last February by almost 2%. Sales volume increased by almost 13%.

Mortgage rates are low. Home values are high. It’s a great time to list your home for sale and for buyers to find their dream home.

Here is a report by region of homes sales throughout February 2021:

CINCINNATI OHIO / SOUTHEASTERN INDIANA

February 2021 vs February 2020

  • -1.4% Decrease in homes sold (1,570 homes)
  • 13.3% Increase in median sale price ($199,900)
  • -57.1% Decrease in median sales on market (3 days)
  • -52.6% Decrease in active homes for sale (1,376 units)
  • -20.7% Decrease in new listings (1,825)

Statistics courtesy of Cincinnati Area Board of Realtors® February 2021 Home Sales Report

DAYTON AND SPRINGFIELD OHIO

February 2021 vs February 2020

  • 1.8% Increase in homes sold (1,020 units vs 1,002)
  • 10.83 Increase in average sale price ($194,047 vs $175,085)
  • 7.14% Increase in median sale price ($159,900 vs $149,250)
  • 12.82% Increase in gross sales volume ($197,928,332 vs $175,434,750)
  • -26.10% Decrease in new listing units (1,056 vs 1,429)

January–February 2021 vs January–February 2020

  • 5,78% Increase in homes sold (2,050 vs 1,938)
  • 12.25% Increase in average sale price ($193,507 vs $172,389)
  • 10.34% Increase in median sales ($160,000 vs $145,000)
  • 18.74% Increase in sales volume ($396,689,451 vs $334,089,446)
  • -21.62% Decrease in new listing units (2,190 vs 2,794)

Statistics courtesy of Dayton Realtors February 2021 Home Sales Report

NORTHERN KENTUCKY

February 2021 vs February 2020

  • 6.21% Increase in homes sold (513 homes vs 483 homes)
  • 13.56% Increase in average sale price ($236,556 vs $208,307)
  • 21.04% Increase in median sale price ($210,000 vs $173,500)
  • 20.61% Increase in sales volume ($121,353,541 vs $100,612,415)

January–February 2021 vs January–February 2020

  • 5.84% Increase in homes sold (960 homes vs 907 homes)
  • 14.35% Increase in average sale price ($236,702 vs $206,991)
  • 17.14% Increase in median sale price ($205,000 vs $175,000)
  • 21.04% Increase in sales volume ($227,234,294 vs $187,741,312)

Statistics courtesy of Northern Kentucky Association of Realtors® February 2021 Home Sales Report

6 Tips Buyers Need to Know in a Seller’s Market

Happy African American Family In Front of Beautiful House.When selling and buying homes, there are three types of real estate markets: buyer’s market, seller’s market and a neutral market. When experiencing a seller’s market, there is a higher demand for homes than the supply has to offer. With not enough homes for sale, buyers tend to compete for the same available homes – which can drive prices up.

Here are some tips home buyers need to know when buying a home in a seller’s market:

One – Get Mortgage Pre-Approval
You need to know how much home you can afford in order to make an offer on a home, especially in a seller’s market. It is a good idea to become pre-qualified for a mortgage loan to figure out that budget. Once pre-qualified, you can provide a pre-approval letter when making an offer which lets the seller know you are a serious buyer.

Two – Work with a Real Estate Agent
Working with a real estate agent is vital in a seller’s market. Homes that come onto market may sell in a matter of hours. Your real estate agent will be in tune with the availability of new homes for sale so you can act quickly. If there are no homes on the market in the area you desire to live, your agent can reach out to that area’s homeowners to see if they would be willing to sell.

Try to be one of the first showings with your agent. If you delay until the weekend, the home may be sold.

Three – Do Your Research
Knowing where you want to live and what your housing requirements are is important in a seller’s market. Communicate to your agent what home features are a must and those you would like to have but could do without. In this type of market, finding a home with everything on your list probably will not happen. It is best to look for potential in a home to make it work for you. But, do not buy a home you do not love. Remember, you will be living there for at least five years if not longer.

Four – Fast Offer
You may need to act fast with your offer on a home in a seller’s market. A low-ball offer will not work in this type of market. Be prepared to offer full price or over-the-asking price.

When you make an offer, it may work in your favor to find out why the seller is moving so you can figure out what kind of closing date to offer. Making things easier for the seller could work to your advantage. Make your best offer first and be prepared for a bidding war.

Five – Cash Offer
Cash offers and strong earnest money deposits indicate a serious buyer.

Six – Fewer Contingencies (A Clean Offer)
There are usually a few contingencies (such as the home inspection) in a purchase contract. In a seller’s market, the fewer contingencies, the more attractive your contract will look to the seller.

Counter offers are not always advisable in a seller’s market.  The seller does not need to write a counter and can move on to the next offer.

________________________

Rejection :<
A seller can accept only one offer. If your offer is rejected, remember the home seller wants to make the most money with the least inconvenience. In addition to price, the seller may have accepted another offer that offered better terms (larger cash up front, fewer or no contingencies, already pre-approved for a mortgage, etc…)

If your offer is not accepted, keep your spirits up. There will be another home that meets your needs and soon become your dream home.

Breaking Records! December 2020 Local Home Sales Report

Local home sales report Dec 2020

Home sales increased for all regions in December. In Greater Cincinnati, the area set a record for the most home sales of any December. In Northern Kentucky, sales records for 2020 broke previous records for homes sales and volume. In the Dayton region, homes ended the year increasing 12% in December with sale volume improving by over 28% for the month.

Mortgage rates are low. Home values are high. It’s a great time to list your home for sale and for buyers to find their dream home.

Here is a report by region of homes sales throughout December 2020:

CINCINNATI / SOUTHEASTERN INDIANA

December 2020 vs December 2019

  • 21.04% Increase in homes sold (2,267 homes vs 1,873 homes)
  • 12% Increase in average sale price ($254,705 vs $227,242)
  • 19.44% Increase in median sale price ($215,000 vs $180,000)
  • 35.66% Increase in gross sales volume ($577,416,950 vs $425,623,937)

January–December 2020 vs January–December 2019

  • 3.55% Increase in homes sold (26,687 homes vs 25,772 homes)
  • 9.51% Increase in average sale price ($247,626 vs $226,124)
  • 12.5% Increase in median sale price ($207,000 vs $184,000)
  • 13.4% Increase in gross sales volume ($6,608,397,521 vs $5,827,659,825)

Statistics courtesy of Cincinnati Area Board of Realtors December 2020 Home Sales Report

DAYTON

December 2020 vs December 2019

  • 12.16% Increase in homes sold (1,448 homes vs 1,291 homes)
  • 14.87% Increase in average sale price ($199,665 vs $173,816)
  • 19.11% Increase in median sale price ($172,0000 vs $144,400)
  • 28.84% Increase in gross sales volume ($289,114,444 vs $224,396,006)

January–December 2020 vs January–December 2019

  • 3.96% Increase in homes sold (17,283 homes vs 16,625 homes)
  • 11.19% Increase in average sale price ($196,897 vs $177,087)
  • 11.84% Increase in median sale price ($170,000 vs $152,000)
  • 15.59% Increase in sales volume ($3,402,979,256 vs $2,944,065,136)

Statistics courtesy of Dayton Realtors December 2020 Home Sales Report

NORTHERN KENTUCKY

December 2020 vs December 2019

  • 19.2% Increase in homes sold (658 homes vs 552 homes)
  • 10.80% Increase in average sale price ($238,213 vs $214,985)
  • 9.74% Increase in median sale price ($209,000 vs $190,450)
  • 32.08% Increase in sales volume ($156,774,336 vs $118,671,931)

January–December 2020 vs January–December 2019

  • 7.58% Increase in homes sold (7,849 homes vs 7,296 homes)
  • 10.49% Increase in average sale price ($229.263 vs $207,503)
  • 12.85% Increase in median sale price ($202,000 vs $179,000)
  • 18.86% Increase in sales volume (1,799,490,427 vs $1,513,944,214)

Statistics courtesy of Northern Kentucky Association of Realtors December 2020 Home Sales Report

Look for homes for sale here.

November Home Sales Report

November home sales report

Home sales increased for all regions in November. In Greater Cincinnati, the area had the most home sales of any November on record. In Northern Kentucky, sales rose by 20% and in Dayton they increased by almost 19%.

Mortgage rates are low. Home values are high. It’s a great time to list your home for sale and for buyers to find their dream home.

Here is a report by region of homes sales throughout November 2020:

CINCINNATI / SOUTHEASTERN INDIANA

November 2020 vs November 2019

  • 13.22% Increase in homes sold (2,167 homes vs 1,914 homes)
  • 11.02% Increase in average sale price ($251,501 vs $226,546)
  • 17.84% Increase in median sale price ($215,000 vs $182,450
  • 25.69% Increase in gross sales volume ($545,002,032 vs $443,609,220)

January–November 2020 vs January–November 2019

  • 1.88% Increase in homes sold (24,348 homes vs 23,898 homes)
  • 9.24% Increase in average sale price ($246,927 vs $226,041)
  • 11.93% Increase in median sale price ($205,950 vs $184,000)
  • 11.30% Increase in gross sales volume ($6,012,183,077 vs $5,401,928,888)

Statistics courtesy of Cincinnati Area Board of Realtors November 2020 Home Sales Report

DAYTON

November 2020 vs November 2019

  • 18.97% Increase in homes sold (1,405 homes vs 1,181 homes)
  • 10% Increase in average sale price ($198,977 vs $180,881)
  • 12.90% Increase in median sale price ($198,977 vs $180,881)
  • 30.87% Increase in gross sales volume ($279,562,150 vs $213,619,991)

January–November 2020 vs January–November 2019

  • 3.42% Increase in homes sold 15,787 homes vs 15,265 homes)
  • 10.91% Increase in average sale price ($196,644 vs $177,296)
  • 11.05% Increase in median sale price ($169,900 vs $153,000)
  • 14.71% Increase in sales volume ($3,104,416,420 vs $2,706,425,382)

Statistics courtesy of Dayton Realtors November 2020 Home Sales Report

NORTHERN KENTUCKY

November 2020 vs November 2019

  • 20.70% Increase in homes sold (659 homes vs 546 homes)
  • 18.06% Increase in average sale price ($241,216 vs $204,323)
  • 23.61% Increase in median sale price ($216,309 vs $175,000)
  • 42.49% Increase in sales volume ($158,961,420 vs $111,560,662)

January–November 2020 vs January–November 2019

  • 5.26% Increase in homes sold (7,098 homes vs 6,743 homes)
  • 10.39% Increase in average sale price ($228,376 vs $206,886)
  • 13.07% Increase in median sale price ($201,257 vs $178,000)
  • 16.20% Increase in sales volume ($1,621,016,065 vs $1,295,035,283)

Statistics courtesy of Northern Kentucky Association of Realtors November 2020 Home Sales Report

Look for homes for sale here.

Pandemic-Triggered Home Trends

The pandemic of 2020 has changed a lot of things and the housing market is no exception. Perhaps no one predicted that lockdowns, stay-at-home orders and a record number of employees working from home would cause a surge in buying and selling homes, but it has.

Along with this surge has come a change in the reasons why sellers list their homes as well as new trends for what buyers want in a home. Recently, Sibcy Cline President Robin S. Sheakley spoke to the Cincinnati USA Regional Chamber’s journal REALM to share some of her insights into the changes happening across the region. Here are some of her observations.

Staying at home forced people to take a good look at the space they live in.

“When the governor issued stay-at-home orders, you saw people really taking stock of their housing and understanding that if they’re going to be locked inside they want different things for their homes,” Robin told REALM, “People were realizing their houses were too big, too small, too urban, too rural, perhaps too open, perhaps too choppy.”

Home improvement efforts triggered a desire for something new.

“We saw a huge trend in home repair and home improvement, and then a lot of people started realizing I’m ready for something different,” Robin said.

The way people shop for homes has shifted drastically.

“There are plenty of stories of homes that were bought without people ever physically going in them, but purchased virtually,” she said. “With the amount of drone photography and videography now, there are all sorts of ways to get a really great sense of a property without standing there yourself.”

In addition to why people move and how they shop for homes, Robin noted a few trends in what buyers are looking for in homes. Here are the top trends she’s noticed:

Spa-like Bathrooms

The need for stress relief is greater than ever, so people are shopping for bathrooms that offer some space for retreat and relaxation.

Home Offices

In the era of working from home and online schooling, homeowners are in need of more space to separate and focus. “We’ve seen people converting bedrooms to offices a lot,” she said.

Outdoor Entertaining Space

The need for social distancing in well-ventilated spaces has increased the desire for more space to gather outside. “People want to be outside. They’re looking to be able to cook, serve, and entertain outdoors,” Robin said.

Downsizing

Some homeowners spent time during the pandemic assessing their space needs and concluded that they need less space, not more. Some want to reduce the time and money they spend maintaining a large home. “There are many people who spent the past nine months looking around asking, Why do I have so much space?” she said.

Ready to make the move? Visit sibcycline.com to browse homes for sale or find an agent.