“Although November real estate sales declined significantly from the record 2021 monthly figures set in October, activity was still mighty impressive.  November transactions included 67 property transfers totaling $211 million, just shy of the record November volume posted in 2020.  These sales buoyed cumulative figures through November 30, 2021 to 657 transactions totaling $2.01 billion, a respective 25 percent and 29 percent increase from one year ago. Single-family home transactions continued to see record-low marketing times but also record-low inventory.  Commercial activity not only posted a monstrous turnaround from one year ago but is poised to set a historic record in transaction and dollar volume.  New contract activity continued its downward trend in an ever-dwindling property inventory environment but is still poised to surpass $2.3 billion.”

Here are Fisher’s November market insights from Jennifer Shalley Allen…