Our January 2022 real estate numbers show our market is heating up again.

Today I’m sharing our January 2022 real estate market update. All bets are off this year! Here are the latest numbers:

• Active listings: 10,197 in January 2022 versus 12,584 in January 2021, a 13.5% decrease

• New listings: 8,924 in January 2022 versus 9,039 in January 2021, a 1.3% decrease

• Sold listings: 7,118 in January 2022 versus 7,360 in January 2021, a 3.3% decrease

• Months of inventory: 1.53 in January 2022 versus 1.71 in January 2021, an 11% decrease

Our market is still tightening. Even though interest rates have fluctuated a bit, buyers are still buying, and our market is heating up again. It looks like we might have a repeat of 2021’s real estate trends here in 2022. 

Home prices are currently rising. If you’re sitting on the sidelines thinking you may get a better deal later, right now everything points to this being the best time to sell. We still have multiple offers, bidding wars, a shortage of inventory, and a huge amount of people moving here from out of state. 

If you have any questions about our market or buying or selling, give us a call at (602) 738-9943 or send an email to jason@thepenroseteam.com. I look forward to hearing from you soon.