The inventory of active listings is up, and the number of sales and the percentage of listings selling are well down since the pandemic struck. Values and value metrics – median sales prices, average dollar per square foot, average cap rate and GRM – remain relatively stable. Unemployment and the “work from anywhere” phenomenon have caused vacancy rates to surge and rent rates to plunge. Tenant-landlord and property showing regulations continue to be extremely restrictive. It is undoubtedly a challenging market, but deals continue to be made.
Median Sales Prices & Avg. Dollar per Square Foot
Supply & Demand
Trends in Selected Value Metrics
Very small downward adjustments in YTD indicators – in fact, the changes are so small they are probably statistically irrelevant.
Sales Breakdowns by District & Price Segment
Employment & Rent Rates
New Housing Construction (All Types)
Market Share by Broker
