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The 2022 inventory is off to a slow start – and I don’t expect it to improve much, in spite of record pricing:

Year
# of 1Q Listings
Median List Price
2018
1,230
$1,592,500
2019
1,277
$1,575,000
2020
1,082
$1,712,500
2021
985
$1,899,000
2022
682
$2,575,000

The 682 listings this year was 31% lower than in the first quarter of last year, and about half of what we had prior to the pandemic. No wonder that the median list price was 36% higher, year-over-year!

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