According to the National Association of REALTORS®, homes sales are trending to hit their highest level in 15 years! Even though the Median Sales Price was 16% higher for the year, 99.6% of homes sold above their asking price for a nearly 2% increase from last year.  

Days on Market decreased a whopping 43.5% for 2021 with Closed Sales 11% higher than 2020.

Even though mortgage rates will likely have several rate hikes, housing experts predict that home shortages and strong buyer demand will continue into 2022. 

For more market statistics – check out our archived monthly Market Stats along with our InfoSparks Charts and our Market Indicators Reports. Keeping you In The Know® .