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March 9, 2022 Market Update

Wednesday, March 9, 2022   /   by Bryan Baylon

March 9, 2022 Market Update

We have taken a look at total dollar volume for January 2022 and compared it with January 2021, using chart DV13 from Cromford® Public.

    • Dollar volume was up 19% from $4,089M to $4,852M - all thanks to higher prices, since unit volume was almost the same

    • New home dollar volume was up only 3% from $711M to $732M due to lower unit volume

    • Normal MLS dollar volume was up only 7% from $2.668M to $2,854M

    • Normal non-MLS dollar volume was up 40% from $431M to $603M

    • Investor flip dollar volume was up 154% from $250M to $635M

    • Distressed sale dollar volume was flat at $28M

iBuyers tend to have a normal non-MLS purchase followed by an investor flip, so the rise in these numbers is partially due to the ramp up in transactions from iBuyers.

There is also clear evidence that more transactions are happening without hitting the MLS. This reflects high levels of investor activity.

Market incites provided by the Cromford report.
Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085

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