Happy New Year! Welcome to 2023.
2022 in Review - The year started with the active inventory at 2,054 homes, the lowest level to start a year since we began tracking in 2009. As rates rapidly rose in April, inventory grew to a peak of 8,496 homes for sale in September, an increase of 313% over January. From September through year-end, the number of homes available decreased, ending the year at 4,454 homes on the market. Low inventory continues, not because of high demand, but due to many homeowners with rates below 4% opting to "hunker down."
Supply - Active Listings
Active listings were up 88% when compared to last year and down 29% when compared to last month. Sellers traditionally take their homes off the market for the holiday season.…
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