HAR has released the January Fresh Report with year end numbers for 2022 compared to the previous year.
Total Listing volume is up dramatically. 73.1% more listings than the previous year, totaling 21,354 available properties.
Average List price is up marginally YOY at 5.5% to $421,910. I anticipate we're going to see that number flatten out as we move toward May and June as that was when I feel the pricing peak happened and I watched the showing volume drop pretty significantly after June on listings as the interest rates began to rise.
As for the state of the current market, I have seen increased showing activity on my listings immediately after the first of the year, and we have listed 3 new properties so far just in this first week, so hopefully that is a sign of good things to come.
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