22 Mar Commercial Sales Report – January 2022

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• After a record year for commercial sales in 2021, the first month of 2022 has already outpaced previous years’ January figures in total dollar volume transacted with $92.3mm – largely driven by the Multifamily sector.
• While the average price per unit in Multifamily for January 2022 is lower than 2020 and 2021, the dollar volume transacted vastly outpaces any previous year and is 418% more than the 7-year average.
• Most other sectors are seeing slight increases in number of sales and dollar volume transacted but remain close to the 7-year averages.
• The total dollar volume transacted in the Land sector is down 48% in the first month of 2022, but after controlling for a strong January 2018 it is only down 6.8% from the average.