How the House Market Might Change:Housing Market Predictions 2022
The House Market: Is it a Buyer’s or a Seller’s Market?
Per Norada, we are currently in what is known as a seller’s market. Since housing market prices have consistently risen recently and there is a shortage of the supply of homes, this means that sellers currently have the advantage.
This does not mean that you cannot find a great house as a buyer. Based on the data, housing market prices are up and inventory is down. This means that it is a great time to sell a home. If you plan to move out of state, retire, or relocate, selling your home will likely reap more rewards than in previous years.
The unknown factor of the pandemic makes it difficult to predict where the housing market may lead, but by working with a real estate professional, you can find a home in the current market that best suits your needs. Have patience and flexibility as a buyer and a seller, and turn to the experts for advice.
Sources:
Free Home Value
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