Market Update

December 2021

COMING IN HOT

As we approach the end of the year, everything around us tends to slow down as we prepare for the holidays.  In real estate, this creates a delay and shortage in inventory.

 

To put into perspective:

At the end of November 2020, we had 3,400  homes on the market.

At the end of November 2021, we had 2,200 homes on the market.

At this rate, we may reach the lowest inventory in the next few months EVER.

 

In summary, prices are increasing, days on the market are less, and inventory is scarce. With all this being said, we may be entering the most competitive year yet. Don’t let this discourage you, this is merely to set expectations.  As your realtor, I’m up for the challenge and will be right by your side.  #letsgo2022

 

Words of advice:

“A chain is no stronger than its weakest link, and if one of the team cannot handle the forces, everybody is going to suffer.”

Active Listings

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