To begin, we hope all your goals will come to fruition in 2022. Here’s a quote from Auliq Ice that we wanted to share with you: “New beginnings are in order, and you are bound to feel some level of excitement as new opportunities come your way.”
Getting to the meat of today’s topic, here’s a market recap comparing December 2021’s numbers to those of December 2020:
- Absorption rate: 1.44 months in December 2020 | 1.23 months in December 2021
- Average sales price: $249,787 in December 2020 | $284,981 in December 2021
- Average days on market: 33 days in December 2020 | 26 days in December 2021
Those who bought a property even just a year ago have already built plenty of equity—the amount that historically they would have gained in four to five years. Homes are still moving quickly, and it’s an excellent time to buy or sell. Interest rates are still low at about 2.875% for FHA and 3.25% for conventional loans.
If your goal is to buy or sell a house in 2022, give us a call or send an email. We have many programs and strategies to make your real estate goals a reality. We’d be happy to help you achieve yours.