The 2022 Year End Market Report is here!
Commercial transactions accounted for only 8% of the total transactions last year, but represented 29% of the total dollar volume at $525M. Average sales price and median sales price are both still on the rise as a result. Inventory saw steady rises over the last year, but average days on market has decreased by 41%, suggesting transactions are still happening at an accelerated rate. Normal and anticipated, this rebalancing of the market is providing a unique opportunity for both buyers and for sellers, especially with the favorable trends in interest rates.
As the market continues to shift, we keep moving forward. Contact us today with any questions about where we think the market is heading, and how we can help you navigate it confidently.