The demand remained strong for homeownership from a historic perspective while at the same time, inventory remained in short supply contributing to tighter market conditions and year-over-year price growth. 5,636 sales were reported in January 2022 which is down by 18.2% when compared to January 2021. Though sales were down, the sales that did occur resulted in the second-best average for the month. Home price increased by 33.3%.
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