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First Quarter 2021

Our market continued its strong run with three record months and, according to Telluride Consulting, the first quarter of 2021 saw the largest dollar volume ever recorded at $287.67 million with 219 sales. This puts us up 89% in dollar volume and 78% number of sales over 2020. Interestingly a large portion of the first quarter sales were vacant land sales indicating buyers are turning to building when they can’t find the homes they’d like. As we’ve been saying for a while now, the biggest limiting factor to our market’s growth is inventory and this is also the primary driver of the higher valuations.