09/19/2022
Two years ago on March 12, I spent $50 on toilet tissue in one day. I don't think I'd ever spent that much on toilet paper before. But honestly, homes today here in the Milton/Alpharetta area are kind of like toilet tissue in 2020.
Looking back, I was lucky I had found some packs still on store’s shelves. That same day, toilet paper sales surged 734% nation wide. There was just a rapid change in demand. And if you had an extra roll to sell, you could.
Here’s the deal: If you’ve bought a home in the last 3 years, it’s statistically safe to say that it’s now worth about 45% more today. That’s an unprecedented appreciation rate.
In a normal market, we can expect about 4% appreciation at best, year over year. There has just been a rapid change in demand in the last 2 years & not enough homes for sale.
It’s simple supply & demand, not 2008.
As our market starts to shift back to “normalcy”, prices will start to level out...and we may go back to waiting 30 days before a home sells.
But if you're a homeowner, the math still works in your favor.
We’re still in a shortage and you’re holding the toilet paper everyone wants.
Give me a call if you're curious about what your home may be worth! You may be surprised :)
- Brittany
