That's a wrap for Q1 2022! Here is a snapshot of three key indicators that we follow in real estate.
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Average Sales Price - we've all heard it, prices have increased across the board. Here are YTD numbers for single families and condos.
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Percent of list price received - this is an average across the city. Homes are selling very close to or above asking.
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Months supply inventory - YTD we have far lower inventory for condos and slightly lower for single family homes.
We expect Q2 to be as busy as Q1 and then expect the second half of the year to level off. In my opinion, the price increases we've experienced are not sustainable long-term so we do need to have things even out. Drop a line any time to dive deeper into the numbers - broadly or in your specific neighborhood!
