The 2021 real estate market was seen as a continuation of the 2020 seller’s market, with less availability and higher prices.
Compared to 2020 inventory, the number of homes sold in 2021 decreased ever so slightly. The median sale price in 2021 of $339,900 grew compared to 2020 median sale price of $305,000. That’s an increase of 11.4% in sales price in 2021 compared to 2020 of just 8.9%.
Sellers also saw an increase in the percentage of their home’s list price in 2021, averaging 101.9% of their asking list price (compared to 99.8 for 2020).
With less inventory on the market (compared to year over year), there was less 1 months inventory (.8 of a month) on the market, compared to 2021 of 1.1 months of inventory.
To find out what the local conditions are like within your city, feel free to reach out to us as Cushman Realty for a complimentary market analysis of your home.