Big Spike In Total Volume of Home Sales In Twin Cities Since 2020

This chart stood out to me because of the increase in the total volume of closed sales since 2020.  It took 24 moths to add $6 billion in value from 2020 to 2022.  In contrast, it took 5 years to add $6 billion in value from 2015-2020.  Now that gas is at $4.00 and the federal reserve is set to raise interest rates, it will be very interesting to see how the market responds this spring and summer.