Single-Family Housing Market Cools After Covid Surge
Davis and Canaan Valley saw biggest run-up in prices, new data shows
By Mat Cloak, Contributing Writer
The market for single-family homes in Davis and Canaan Valley has cooled significantly after sharp increases in prices and sales volume during the initial years of the Covid pandemic, according to new data.
Meanwhile, Parsons and Thomas saw slower growth in 2020 and 2021 than the more vacation-centric areas of the county.
“The market has plateaued. It’s leveled off since the highs of Covid,” said realtor Debbie Stevens of Stevens’ Realty and Management. “It was rising so rapidly after Covid that we couldn’t get a solid market value.”
At the request of Country Roads News, realtor Amy Barb, partner and broker at Best of Canaan, compiled local housing sales data from the past decade using the Multiple Listing Service (MLS). The data reveals trends in the number of annual home sales, average prices, and average days on the market.
More about local real estate trends:
The numbers in the charts below are for single-family homes in the zip codes associated with these communities. The data excludes sales that did not involve a real estate agent. The data also excludes sales of apartments and vacant land.
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