Our sales price of $580,000 is a bit of a regression from the December 2021 price of $625,000. This seems low and perhaps we had a large amount of the homes that sold in January sell for less than our running average. February should bring a stronger number. At $580,000 we see a +1.9% appreciation which seems very low. We only need to look at our listed for sale pricing to see we remain steady at $865,000.
Typically November, December and January can be hard months to read without a consistent message. Here we a steady November and December buut January jumps out with some interesting fluctuations in the sold price. Perhaps February will tell us more. as of now I am still predicting a strong spring selling season. Get in while you can.