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Another year is in the books for the Memphis Area Association of Realtors and with that comes the final market report for the prior year, complete with end-of-year data for 2021.

For those interested in the ongoing state of Memphis’ real estate market, the report — released Jan. 10 — provides a snapshot of where things stand at the end of 2021. The data also gives initial signs of what to expect in 2022.

Here are three things to know about the Memphis housing market as the new year begins.