Today I’m comparing the Q1 data from this year to Q1 of 2021.
A lot has been going on in the world at large and here in our local market, so today I thought it would be a good idea to take stock of what’s happening. I’ll be comparing data from the first quarter of 2022 to data from the same time last year to give us a better perspective of where our market might be headed in the future.
Feel free to follow along in the video above or use the timestamps below to navigate the discussion at your leisure:
0:00 — Introduction
0:36 — Declining inventory and days on market
1:36 — Why home sales are dropping
2:43 — The impact of climbing home prices and interest rates
4:23 — My predictions for the spring market
6:03 — What these statistics mean for buyers and sellers
7:32 — Wrapping up
Hopefully, this information helps you prepare yourself for the market, no matter if you’re buying or selling. We’re in for a really competitive spring market, so it’s best to arm yourself with as much data as possible. If you have any questions or would like to learn more, don’t hesitate to call or email us. We look forward to hearing from you.