DMAR Market Trends Report
Find my Expert Opinion on Page 18
Highlights and Key Points:
The number of new homes that entered the market in December decreased from November by 35.19 percent, which is typical that the market sees a seasonal decline in new listings as sellers pulled back to focus their time and energy on the holidays.
Throughout the year, inventory has gradually increased, resulting in homes staying on the market longer before going under contract, not necessarily more sellers entering the market.
In December, the median days in the MLS was 30, up from 21 in November and up from five days in December 2021. Year-to-date, the total number of listings in 2022 was 60,164, down 9.30 percent from 2021 as well as in 2020, 2019 and 2018. As a result, the total number of closed properties in 2022 was 50,743, down 20.84 percent from 2021.
Read the full analysis, along with my Expert Opinion on the Classic Market, a 2022 year in review, and get the 2023 forecast in this Special Year End Edition of DMAR's Market Trends Report!