Housing Stats for April 2022

Thanks to another month of improving sales, year-to-date sales totaled
516 units a 20 percent rise over last year's levels and the strongest start
of the year since 2014. The growth was somewhat possible thanks to
the gain in new listings. However, it was not enough to have created any
significant shift in inventory levels.
With 359 units in inventory in April, levels remain nearly 50 percent
below long-term trends for the city.
The stronger sales and lower inventories caused the months of supply to
drop to just over two months, making it the tightest April since 2007.
The persistently tight market conditions over the past three months are
starting to have an impact on home prices. On a year-to-date basis,
prices have risen by nearly two percent.