Colliers Quick Hits | April 28, 2022

Sales volume did not disappoint in the first quarter, setting a new record, as has been common in recent quarters. A total of $161.6 billion in sales volume bested the previous first quarter high-water mark of $150 billion in 2007. Over the past four quarters, volume reached over $850 billion, a pace likely to face some headwinds in the months ahead. With interest rates rising, persistent inflation, and geopolitical risks in the forefront, a slowdown would not be a surprise. However, capital is still on the sidelines searching for real estate, so 2022 is due to be another strong year overall.