and properties selling at a higher cost is a
in September. That indicates a continuance
great cocktail for bridge financing to liter-
of an unusually active and aggressive fall/
ally close the gap for investors looking to
winter seller’s market. This data sets up
acquire additional investment properties.
the market well for investors continuing
Realtor.com’s October Housing Data Release
to acquire investment properties in the
revealed that nationally a typical home for
upcoming winter months, as the real estate
sale spent only 53 days on the market. That
market shows no sign of slowing down.
is 13 days fewer than the same time in 2019.
Something to keep in mind when deter-
For the first time in Realtor.com’s records,
mining an investment strategy and when
in 2020, homes sold faster in October than
to utilize bridge financing: Inventory
of newly listed properties has declined
by more than 7% nationally throughout
this year, increasing the competition on properties listed and driving up prices. Realtor.com’s October Housing Data
Release revealed the median national
home listing price increased by 12% over 2020, to $350,000 in October. This is up
from the 11% growth seen in September. Bridge financers can speed loan closing for investors in a competitive market.