Low inventory continues to plague most of our markets with active inventory tight and demand relatively strong. Rising sale prices should continue in 2022, but the rate of rise will be slower than last year as higher price and interest rates combine restrict affordability that will further limit options for would-be buyers.
While the market will get off to a relatively strong start, expect to see some, but fewer than last year, multiple and over-asking offers. Market times and inventory should rise as some of these outside market factors have time to play out and return more balance to the market.