2022 Annual Real Estate Report

2022 Annual Real Estate Report

The Real Estate Report

The median sales price for single-family, re-sale homes was $2,015,000 for the year, a gain of 0.8%. The average price gained 2.1%. Home prices for the year are now at their highest level ever. Home sales dropped, falling 26.7% from the year before. Home inventory was up 23.1% year over year. There were an average of 361 homes listed for sale each month in 2022. The average from 2000 through 2016 is 1,121. The sales price to list price ratio for the year was 107.2%. The median sales price for re-sale condominiums was up 3.2% for the year. The average price rose 2.3%. Condo sales were down 24.8% from 2021. Condo inventory was up year-over-year. There were an average of 151 condos listed for sale each month. The average from 2003 to 2016 is 328. For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis. Also, if you go to my online report and click on Recent Sales & Listings, you will see what has sold, what is for sale, and what is pending in your neighborhood.

Sales Down, Prices Continued Rising in 2022


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Recommended reading: February 2021 Domestic Market Home Sales

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Carmen is known for her integrity, strong negotiation skills, and extensive experience, Carmen’s philosophy is simply to treat others as you wish to be treated. She always looks forward to hearing from you. Please feel free to contact her using the most convenient method.

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