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.
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