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. We anticipate we're going to see that number flatten out as we move toward May and June as that was when we feel the pricing peak happened and we 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, we 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.
We're going to start this year off with
the best quote from last year:
"Every action you take is a vote
for the type of person you wish to become.
No single instance will transform your beliefs,
but as the votes build up,
so does the evidence of your new identity."
-James Clear
We are here to serve you if you have a Real Estate need.
