January 2022 Housing Market Update
While it is early in 2022, statistics show that the real estate market is starting off just as competitive as 2021. Buyers were active in the market in January however the number of homes for sale continued to lag well behind demand. The number of active listings on the market was down 41.4 percent in January 2022 compared to January 2021. That imbalance between demand and supply contributes to the rapid increase in prices. The median listing price was up substantially as home prices exceed record levels.
Let us evaluate your home and your real estate goals for the upcoming year. -Krista and Suzie