The Top 8 Markets For Real Estate Sales Volume in January 2022
Sales volume for homes in the United States saw a slight increase from January 2019 to January 2022. The US real estate market reported a high volume of sales during the month of January 2022, with an average number of homes sold per day increasing by 1% from the 5-year average.
TOP EIGHT CITIES FOR HIGHEST SALES VOLUME IN THE UNITED STATES IN JANUARY 2022:
The city of Richmond, Virginia had the highest estimated daily sales volume at 96 homes sold per day. This is a decrease compared to December 2020 where Richmond reported 130 homes sold on a daily basis. The population of this region was recorded as 486,193 people in July 2018 and has been experiencing consistent growth over the past 5 years.
The city of New Orleans, Louisiana reports a high volume of sales for January 2022 at 95 homes sold per day. This is also a decrease from December 2020 where 85 homes were reported to have been sold on a daily basis. The population of this region was recorded as 397,829 people in July 2018 and has been experiencing consistent growth over the past 5 years. New Orleans's real estate market continues to see steady growth each month with an increase in median home prices by 13% since last year.
On average there are 69 homes sold per day within the Chicago, Illinois metro area for January 2022 - up from 59 homes sold per day during December 2020. This region has a population of 9,552,286 as of July 2018 and has seen a population increase of 1.7% over the past year. The Chicago real estate market is also seeing steady growth with an increase in median home prices by 12% since last year.
For January 2022, 52 homes were sold per day within the Denver metro area - up from 40 homes sold per day during December 2020. This region had a population recorded as 3,284,654 people in July 2018 and has experienced consistent growth over the past 5 years. The Denver real estate market continues to show stable growth each month with an increase in median home prices by 4% since last year.
Dallas-Fort Worth Texas sees 51 homes sold on a daily basis for January 2022 - up from 39 homes sold per day during December 2020. This region has a population of 7,399,662 as of July 2018 and has been experiencing consistent growth over the past 5 years. The Dallas-Fort Worth real estate market continues to see steady growth each month with an increase in median home prices by 2% since last year.
The city of Charlotte, North Carolina sees sales volume increase in January 2022 at 48 homes sold per day - up from 36 homes sold per day during December 2020. This city had a population recorded as 2,361,927 people in July 2018 and has also seen a population increase over the past 5 years. The Charlotte real estate market is showing stable growth with an increase in median home prices by 6% since last year.
New York City has seen a slight increase in sales volume for January 2022 - reporting 45 homes sold per day, up from 42 homes sold per day during December 2020. There is an estimated population of 8,622,698 people in this region as of July 2018 and has experienced consistent growth over the past 5 years. The New York City real estate market shows stable growth each month with an increase in median home prices by 4% since last year.
Houston's real estate market reports 41 homes sold on average for January 2022 up from 36 homes sold per day during December 2020. Houston Texas had a population recorded as 6,949,758 in July 2018 and has shown consistent growth over the past 5 years.
This is just the tip of the ice berg. Come back for more real estate news anytime! And if you're in the need for funding, contact us at (347-696-0192) or email us at info@jakenfinancegroup.com