Here are the four most important statistics in our real estate market.

The year-end numbers are in for 2021, and there are four key stats that you need to know for 2022:

1. Median sale price continues to rise. This is no surprise. Our supply continues to be low, and demand is through the roof. The median price rose 11.1%, to be exact. Combined with the increase from 2020, that’s an appreciation of 24.6% in just the last two years.

2.  Inventory was cut in half. There are just 483 units available at the end of 2021. That’s actually an additional 50% cut from 2020. 

“ Our market continues to be white-hot.”

 3. Closed sales continue to tick up. There were 7,299 units sold in 2021. That’s up 7.4% from 2020.

4. New listings are rising. We had an increase of 1.4% in new listing inventory. I hear from people all the time who talk about how hard it is to find a home these days. The reality is that we continue to sell and list more homes each passing year. There are plenty of homes to buy; they’re just being bought incredibly fast.

If you have any questions about buying a home or indeed any real estate assistance, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.