2022 Housing Market...Still a Seller's Market?
2022 starts with lower supply than 2021 did...only 5,776 Active Listings excluding Under Contract properties, across all areas and types. A year ago on January 1, 2021 we counted 6,055, so we are down by 5%. If we include Under Contract listings as well, the 2022 total is 8,630, down 12% from 9,788 last year. This is the lowest supply level for January 1st since the Cromford Report started recording in 2001.
What Does This Mean for Sellers?
Make no mistake – this sellers’ market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.
If you’re thinking of buying or selling, 2022 may be your year. Let’s connect to discuss your goals and the unique opportunities you have in today’s housing market.