Strong First Five Months of Contract Activity in 2022

Look out... before you know it, I'll be saying the year is halfway over!?  As usual, the months are flying by in 2022 and we are now looking backwards at a full five months of contract (and sales) activity.

The graph above illustrates how many buyers (and sellers) have signed contracts to buy (and sell) homes in the first five months of 2020, 2021 and 2022.

As you can see, the pace of home buying activity increased quite a bit between 2020 and 2021... and this year, it has increased even further.

Higher mortgage interest rates in 2022 might slow down overall home sales activity, but thus far we don't seem to be seeing it here locally.