Another Competitive Spring Market?

What can buyers and sellers expect as the spring real estate market heats up? Will it be another record-breaking year, or will there be a shift back to a more normal, predictable market?

Housing demand is expected to remain high as buyers are still competing for fewer homes. The current low housing inventory may be exacerbated by labor and supply shortages. On the other hand, rising interest rates could price some buyers out of the market, reducing the competition.

Home prices will continue to rise, but at a slower rate than in 2021. While sellers may still be at an advantage in 2022, buyers who secure financing in advance will be in a better position to strike when the perfect house comes along.