Fervent buyer demand, driven by pandemic-induced
changes to housing needs and preferences, reached
extraordinary levels in 2021. The inventory of homes for sale
remained low, as home seller activity did not rise
proportionally to meet this demand.
New construction activity,
while strong, remains limited by a combination of material and
labor shortages, rising material costs, and a regulatory and
operational environment that makes it difficult to scale
The strong seller’s market of 2020 continued and even
strengthened in 2021, with inventory levels remaining low
and multiple offer situations common across much of the
housing market both locally and nationally. Multiple offers
again drove prices significantly higher for the year.
Read the full Annual Report for ValleyMLS.com from ShowingTime MarketStats below.