Q1 of 2021 is already over?! Here’s what the numbers told us:
2021 trends are a continuation of the patterns we saw through most of 2021. The decrease in new listings shows that people are holding onto their properties longer than before — due to people staying in their properties longer than in the past AND due to rising construction costs. Just as we saw in the past year, the lower rate of available listings means that sales are up and they’re selling fast. Those fast sales explain the 14% decrease in off-market listings —2021 listings are selling before they have the chance to expire.