Market Snapshot 2021 Q3: Single Family Homes

  • The Gillespie Real Estate Team
  • 11/4/21

With the third quarter of 2020 posting banner numbers, Q3 2021 fared relatively well, but the lack of Single Family Home inventory was clearly illustrated. Sold units declined 6% YTD 2021 vs. 2020. Dollar volume was up a modest 6% but surpassed the $1B mark YTD. Sales of homes in the $500K to $1M price range dropped significantly from 38 in 2020 to 12 in 2021, simply due to no lower-priced inventory. The lower transaction volume coupled with a modest sales volume equated to a 28% increase in average sales price to $4.1M. Active listings are down 6% (as opposed to 48% last year at this time), a possible indicator that the inventory crisis is leveling slightly. VIEW FULL MARKET REPORT

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