The first two quarters of 2022 were characterized by an assortment of market headwinds— the lingering effects of COVID, high inflation, rising interest rates, and stock market volatility.
Our local real estate market began an incredible upswing during last year's third quarter, with sales shattering previous records. The remarkable activity extended throughout the latter half of 2020 and has continued unabated through the third quarter of 2021.
The preliminary statistics for the third quarter are here! The in-depth analysis of the numbers is in progress and will be complete in a couple weeks, but in the meantime it is worth having a look at the early stats. As you will see in the following market snapshot, there are some interesting results.
Because the pandemic lockdown began in Mid-March of 2020, it's important to note the last two weeks of data from last March are COVID-skewed. Even though our market has more than recovered from the short-lived dip last April and May, March was the last month...