2021 End of Year Market Update

Posted January 17, 2022

AS WE LOOK BACK ON 2021:

• Median sales price for homes/PUD’s increased by 24%
• The number of sales for homes/PUD’s increased by 3%
• All Cash sales accounted for 33% of all sales

AS WE LOOK FORWARD TO 2022, WHAT CAN WE EXPECT?

• The California Association of Realtors predicts the median sales price will increase by 5.2% and the number of sales will actually decrease by 5.2%.
• Danielle Hale, Chief Economist at Realtor.com predicts the number of sales will increase by 6.6%.
• There is no doubt interest rates will increase slightly throughout the year & we are already seeing changes in rates for jumbo loan products.
• All Cash sales accounted for 33% of all sales

See the full report

Leave a comment