Last month the MLS reported that the market appeared to be cooling off, and if you look solely at the units sold, it that this trend is continuing; however, when you look at the total volume sold the market is still hot.
- Total unit sales for 2022 are down 24% (Residential down by 17%, Lots / Land down by 31% and Commercial down by 4%).
- Total volume sold is up by 4% (That equates to an increase of about $32 million)
- Inventory is down by 24% when compared with 2021; however, inventory has increased
slightly (3%) this January.