Lee Honish | Honishreport

What Will Real Estate Look Like In 2021? 3 Homebuying Trends You’ll See This YearForbes•Record-Setting PaceoHomes aren’t just selling, they’re selling at a record-setting pace. The Covid-fueled real estate boost caused an average of 42% of home listings nationwide to sell in two weeks or less. One survey found that more than half of homebuyers say the pandemic accelerated their homebuying process. In the competitive San Diego market, 55% of homes are off the market in less than weeks, with an average of just 20 days on the market. o2021 won’t be such a steady rush. Due to the pandemic, typical homebuying seasons went out the window in 2020, creating a free for all. But as things return to a new type of normal in 2021, look for homebuying seasons to return, with a surge of buyers in the spring and summer months and things cooling down towards winter.•Changed Budgets, Higher PricesoThe move to remote working has pushed people out of cities and led to an increase in homebuying in the suburbs. Suburban areas have