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20220201

Supply accelerates price increases

Low Supply create stro
nger competition and record prices 


Single Family
Listing Inventory on February 4
2018
2019
2020
2021
2022
Listing Units
6
7
5
2
2
Average Days on Market
160
16
164
34
1
Average List Price
$524,083.33
$484,914.29
$510,780.00
$463,250.00
$586,950.00
Average List $ / SqFt
$226.62
$271.06
$226.86
$269.67
$277.22
Approximate Absorption Rate
98.61%
95.24%
125.00%
283.33%
258.33%
Approximate Months Supply of Inventory
1.01
1.05
0.80
0.35
0.39
Listed (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Taken)
5
7
1
2
4
Average Original List Price
$489,740.00
$444,914.29
$349,900.00
$541,950.00
$613,450.00
Average Original List $ / SqFt
$215.18
$274.47
$291.58
$220.62
$287.56
Went Pending (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Went Pending)
5
3
3
3
4
Average List Price
$428,360.00
$361,566.67
$367,299.67
$876,300.00
$599,950.00
Average List $ / SqFt
$180.87
$222.23
$218.15
$232.02
$320.61
Average Days to Offer
31
48
86
43
27
Listed & Price Changed (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Price Changed)
0
1
0
0
0
Average Original List Price
$0.00
$459,900.00
$0.00
$0.00
$0.00
Average Original List $ / SqFt
$0.00
$280.43
$0.00
$0.00
$0.00
Sold (Year to Date)
2018
2019
2020
2021
2022
Closed Units (Sold)
4
6
2
6
2
Average Days on Market
41
83
70
28
21
Average Days to Offer
33
63
54
15
7
Average Sale Price
$401,819.25
$529,750.00
$240,000.00
$517,991.67
$737,000.00
Average Sale $ / SqFt
$219.75
$207.07
$205.99
$269.65
$234.20
Average List Price
$409,894.25
$532,596.17
$252,388.00
$496,450.00
$731,750.00
Average List $ / SqFt
$223.85
$207.19
$213.17
$258.03
$232.61
Average Original List Price
$426,169.25
$550,596.17
$271,888.50
$498,933.33
$724,450.00
Average Original List $ / SqFt
$231.01
$214.90
$233.17
$259.75
$230.34
Average Sale Price as % of List Price
97.98%
99.71%
93.95%
104.64%
100.85%
Average Sale Price as % of Original List Price
94.63%
95.97%
88.20%
104.01%
102%
Sold Units - Short Sale
0
0
0
0
0
Sold Units - Lender-Owned
0
0
0
0
0
12-Month Activity as of February 4
2018
2019
2020
2021
2022
Units Listed
89
100
84
72
78
Units Price Changed
28
32
34
14
10
Units Went Pending
77
83
78
72
71
Units Sold
71
80
75
68
62
Condominium
Listing Inventory on February 4
2018
2019
2020
2021
2022
Listing Units
1
1
0
0
0
Average Days on Market
866
9
0
0
0
Average List Price
$180,000.00
$199,900.00
$0.00
$0.00
$0.00
Average List $ / SqFt
$140.08
$155.56
$0.00
$0.00
$0.00
Approximate Absorption Rate
258.33%
100.00%
0.00%
0.00%
0.00%
Approximate Months Supply of Inventory
0.39
1.00
0.00
0.00
0.00
Listed (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Taken)
0
1
0
2
0
Average Original List Price
$0.00
$199,900.00
$0.00
$439,900.00
$0.00
Average Original List $ / SqFt
$0.00
$155.56
$0.00
$244.52
$0.00
Went Pending (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Went Pending)
1
0
0
3
0
Average List Price
$369,000.00
$0.00
$0.00
$443,233.33
$0.00
Average List $ / SqFt
$203.64
$0.00
$0.00
$246.19
$0.00
Average Days to Offer
203
0
0
40
0
Listed & Price Changed (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Price Changed)
0
0
0
0
0
Average Original List Price
$0.00
$0.00
$0.00
$0.00
$0.00
Average Original List $ / SqFt
$0.00
$0.00
$0.00
$0.00
$0.00
Sold (Year to Date)
2018
2019
2020
2021
2022
Closed Units (Sold)
0
0
3
1
1
Average Days on Market
0
0
65
72
83
Average Days to Offer
0
0
54
57
69
Average Sale Price
$0.00
$0.00
$286,333.33
$509,900.00
$425,000.00
Average Sale $ / SqFt
$0.00
$0.00
$168.91
$283.28
$250.00
Average List Price
$0.00
$0.00
$286,300.00
$509,900.00
$399,900.00
Average List $ / SqFt
$0.00
$0.00
$168.54
$283.28
$235.24
Average Original List Price
$0.00
$0.00
$296,266.67
$509,900.00
$439,900.00
Average Original List $ / SqFt
$0.00
$0.00
$174.82
$283.28
$258.76
Average Sale Price as % of List Price
0%
0%
100.51%
100%
106.28%
Average Sale Price as % of Original List Price
0%
0%
97.25%
100%
96.61%
Sold Units - Short Sale
0
0
1
0
0
Sold Units - Lender-Owned
0
0
0
0
0
12-Month Activity as of February 4
2018
2019
2020
2021
2022
Units Listed
19
16
21
30
15
Units Price Changed
4
3
7
3
2
Units Went Pending
26
13
20
28
15
Units Sold
31
12
21
24
16

Multi Family
Listing Inventory on February 4
2018
2019
2020
2021
2022
Listing Units
1
1
1
1
1
Average Days on Market
126
3
81
100
225
Average List Price
$2,500,000.00
$400,000.00
$529,000.00
$989,000.00
$525,000.00
Average List $ / SqFt
$500.00
$148.09
$156.00
$430.00
$194.37
Approximate Absorption Rate
66.67%
50.00%
25.00%
41.67%
66.67%
Approximate Months Supply of Inventory
1.50
2.00
4.00
2.40
1.50
Listed (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Taken)
0
1
0
0
0
Average Original List Price
$0.00
$400,000.00
$0.00
$0.00
$0.00
Average Original List $ / SqFt
$0.00
$148.09
$0.00
$0.00
$0.00
Went Pending (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Went Pending)
0
0
1
1
1
Average List Price
$0.00
$0.00
$349,000.00
$590,000.00
$419,900.00
Average List $ / SqFt
$0.00
$0.00
$197.40
$232.65
$237.50
Average Days to Offer
0
0
0
47
95
Listed & Price Changed (Year to Date)
2018
2019
2020
2021
2022
Listing Units (Price Changed)
0
0
0
0
0
Average Original List Price
$0.00
$0.00
$0.00
$0.00
$0.00
Average Original List $ / SqFt
$0.00
$0.00
$0.00
$0.00
$0.00
Sold (Year to Date)
2018
2019
2020
2021
2022
Closed Units (Sold)
1
0
0
1
2
Average Days on Market
31
0
0
16
20
Average Days to Offer
17
0
0
6
13
Average Sale Price
$484,000.00
$0.00
$0.00
$370,000.00
$601,500.00
Average Sale $ / SqFt
$116.54
$0.00
$0.00
$93.11
$233.63
Average List Price
$484,900.00
$0.00
$0.00
$399,000.00
$612,000.00
Average List $ / SqFt
$116.76
$0.00
$0.00
$100.40
$238.54
Average Original List Price
$484,900.00
$0.00
$0.00
$399,000.00
$612,000.00
Average Original List $ / SqFt
$116.76
$0.00
$0.00
$100.40
$238.54
Average Sale Price as % of List Price
99.81%
0%
0%
92.73%
97.80%
Average Sale Price as % of Original List Price
99.81%
0%
0%
92.73%
97.80%
Sold Units - Short Sale
0
0
0
0
0
Sold Units - Lender-Owned
0
0
0
0
0
12-Month Activity as of February 4
2018
2019
2020
2021
2022
Units Listed
9
8
11
7
13
Units Price Changed
4
1
3
2
3
Units Went Pending
8
6
6
5
11
Units Sold
8
6
3
5
8

Single Family
Solds / Year
2018
2019
2020
2021
2022
List Price
$409,894.25
$532,596.17
$252,388.00
$496,450.00
$731,750.00
Original List Price
$426,169.25
$550,596.17
$271,888.50
$498,933.33
$724,450.00
Sale Price
$401,819.25
$529,750.00
$240,000.00
$517,991.67
$737,000.00
Solds / Year
2018
2019
2020
2021
2022
List $ / SqFt
$223.85
$207.19
$213.17
$258.03
$232.61
Orig. List $ / SqFt
$231.01
$214.90
$233.17
$259.75
$230.34
Sale $ / SqFt
$219.75
$207.07
$205.99
$269.65
$234.20



Single Family
Solds / Year
2018
2019
2020
2021
2022
Days on Market
41
83
70
28
21
Days to Offer
33
63
54
15
7
Category / Year
2018
2019
2020
2021
2022
Units Sold
4
6
2
6
2
Units Price Changed
0
1
0
0
0
Units Taken
5
7
1
2
4
Units Went Pending
5
3
3
3
4
Category / Year
2018
2019
2020
2021
2022
Units Listed
89
100
84
72
78
Units Price Changed
28
32
34
14
10
Units Sold
71
80
75
68
62
Units Went Pending
77
83
78
72
71


Condominium
Solds / Year
2018
2019
2020
2021
2022
List Price
$0.00
$0.00
$286,300.00
$509,900.00
$399,900.00
Original List Price
$0.00
$0.00
$296,266.67
$509,900.00
$439,900.00
Sale Price
$0.00
$0.00
$286,333.33
$509,900.00
$425,000.00
Solds / Year
2018
2019
2020
2021
2022
List $ / SqFt
$0.00
$0.00
$168.54
$283.28
$235.24
Orig. List $ / SqFt
$0.00
$0.00
$174.82
$283.28
$258.76
Sale $ / SqFt
$0.00
$0.00
$168.91
$283.28
$250.00


Condominium
Solds / Year
2018
2019
2020
2021
2022
Days on Market
0
0
65
72
83
Days to Offer
0
0
54
57
69
Category / Year
2018
2019
2020
2021
2022
Units Sold
0
0
3
1
1
Units Price Changed
0
0
0
0
0
Units Taken
0
1
0
2
0
Units Went Pending
1
0
0
3
0
Category / Year
2018
2019
2020
2021
2022
Units Listed
19
16
21
30
15
Units Price Changed
4
3
7
3
2
Units Sold
31
12
21
24
16
Units Went Pending
26
13
20
28
15


Multi Family
Solds / Year
2018
2019
2020
2021
2022
List Price
$484,900.00
$0.00
$0.00
$399,000.00
$612,000.00
Original List Price
$484,900.00
$0.00
$0.00
$399,000.00
$612,000.00
Sale Price
$484,000.00
$0.00
$0.00
$370,000.00
$601,500.00
Solds / Year
2018
2019
2020
2021
2022
List $ / SqFt
$116.76
$0.00
$0.00
$100.40
$238.54
Orig. List $ / SqFt
$116.76
$0.00
$0.00
$100.40
$238.54
Sale $ / SqFt
$116.54
$0.00
$0.00
$93.11
$233.63


Multi Family
Solds / Year
2018
2019
2020
2021
2022
Days on Market
31
0
0
16
20
Days to Offer
17
0
0
6
13
Category / Year
2018
2019
2020
2021
2022
Units Sold
1
0
0
1
2
Units Price Changed
0
0
0
0
0
Units Taken
0
1
0
0
0
Units Went Pending
0
0
1
1
1
Category / Year
2018
2019
2020
2021
2022
Units Listed
9
8
11
7
13
Units Price Changed
4
1
3
2
3
Units Sold
8
6
3
5
8
Units Went Pending
8
6
6
5
11