Year In Review Market Update - 2021
Pamella Haynes
Real estate has been my passion for as long as I can remember, and my journey from a new agent to a multi-million dollar producer in the Greater Knoxv...
Real estate has been my passion for as long as I can remember, and my journey from a new agent to a multi-million dollar producer in the Greater Knoxv...
2021 was quite the year!
Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%.
2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our 2021 Year in Review market update showcases everything you need to know about local real estate trends as we head into the new year.
Our Team's 2021 In Review
100.91%
Sales-to-List Price
$365,900
Average Sales Price
8
Average Days on Market
$136
Average Price per Square Foot
Our Market 2021 Year in Review
1 Month of Supply
This is a [Seller's / Buyer's] market.
26,562
New Listings
24,395
Under Contract
30,030
Active Listings
23,935
Closed Sales
Homes Sold
99.86%
Sale-to-List Price
$333,040
Average Sales Price
25
Average Days on Market
$179
Average Price per Square Foot
Curious about how your home's value changed in 2021?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.