Market Snapshot 2021 Q3: Single Family Homes

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 >>