2022 Real Estate Predictions
One has to imagine that certain segments of the market will likely be affected by the increase in interest rates, yet with such limited inventory, it is hard to believe prices will soften. The current demand for properties far outweighs the supply and while there is quite a bit of new construction taking place, it is not yet meeting the demand.
We have a finite amount of land in this valley and most of the valley floor is developed, thus room for growth is limited which will likely prevent a surplus of inventory.
With stock market volatility and historically high inflation rates, many buyers are looking to place money into real estate. At the same time, many
sellers are recognizing that with prices as strong as they are, now is a good time to sell. Thus, we are beginning to see a steady influx of new listings hit the market which is setting us up for a strong summer of sales.
Now more than ever, choosing a real estate agent with a pulse on the market is paramount. If you are looking for more insight or guidance regarding buying or selling, please reach out today.