2022 might be best characterized as a year of rebuilding. After two years of the pandemic, 2022 brought an international lifting of restrictions and a new sense of normal. In the real estate sector, this year was marked by economic balancing, rising interest rates, and inventory changes. To understand what happened in 2022, it’s important to first understand how our current market was the inevitable conclusion to the record-breaking year that preceded it.

Across the country in 2021, US home prices soared by a dramatic 18.8% with over 70% of homes on the market receiving multiple offers over asking price. During this time, the Go With Ro team saw our listings sell for an average of nearly $30,000 over asking, consistently spending less than a week on the market. Today, we are no longer experiencing the same degree of strain from pandemic restrictions, and experts have been divided on whether our current spring market would bring a continuation of our seller’s market or if conditions would begin to taper off.

2021 has been a year like no other; we saw everything from the historic vaccine rollout, to several devastating natural disasters, to watching the Perseverance rover land on Mars. In Clark County, we’ve had a year of reopening and rebuilding from quarantine and welcomed in the new challenges and joys that 2021 brought us.