Year-end statistics highlight the changes from 2021
Year-end statistics show 1,254 single family detached listings in 2022, a 29.4% jump over the 969 listings the previous year. Sales followed the opposite trend with 713 sales, a 19.3% drop from the 884 in 2021. While the ratios all vary, apartments, townhomes, and bare land all followed the same trend.
2022 was an eventful year for Real Estate! While other factors played a part, the SEVEN interest rate hikes was the biggest contributor. As we seem to be near the end of the interest rate increases, we expect a more stable environment in 2023.