Sales by Price Range:
The number of homes sold in the $500,001 and above price range rose 45.2 percent to 14,205 homes. Homes sold in the $100,000 and Below price range were down 22.4 percent to 3,552 homes.
List Price Received:
Sellers received, on average, 100.9 percent of their original list price at sale, a year-over-year improvement of 2.3 percent. The 2021 housing market was once again strong both locally and nationally. Inventory shortages and high buyer demand continued to push home prices higher, with multiple offers on a limited number of homes the common theme in most market segments.
This year looks to continue the trends seen in the last 18 months, pushing home prices higher still. As mortgage rates are likely to continue to rise over the year as well, housing affordability will remain an important factor to watch.
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When buying or selling a home, it's important to understand the market and gain helpful insights to help you achieve the best results.