Transcript:
Hi there guys, let’s recap 2021 real estate market for Milton. For December, prices ended up 26% higher than December of 2020, and as a year on a whole, we were 25% higher. Prices in the second half of the year were much higher than the first half, and this is all to do with supply levels. As you can see, the number of homes getting listed for sale in the second half of the year were much lesser than the first half, and this translated into more competition for each and every property, resulting in higher prices. With fewer listings in the second half of the year, so were the number of sales, however, we ended 2021 with 21% more homes changing hands. We have started 2022 where we left off in 2021, that is with fewer listings and prices continuing to rise. Let’s see where we go from here. You guys take care and talk soon.