Real Estate Market Report – January 2022

Real Estate Market Report – January 2022

We always want to provide you with the latest real estate market trends on the Crystal Coast. The real estate market is resilient and still showing growth! Take a peek at the January 2022 Real Estate Market Report. 

Is There a Housing Shortage?

Not likely! Our area realtors have sold more homes year over year since 2019 and we are not expecting the market to cool off going into 2022.  Days on market is a big indicator that homes are selling fast and competition is high for buyers.  

Why is Inventory Limited?

There’s an influx of buyers looking for homes today, affluent buyers are abundant, many are motivated to beat rising mortgage rates, and many want to escape rising rents. There’s also additional demand from millennials who are reaching peak homebuying age. 

I’m a Buyer! How Can I Compete in Today’s Market?

The first step in competing in today’s market is to get pre-qualified for a home loan, and then connect with one of our qualified agents to discuss your approach to winning that offer! 

Is it a Good Time to Sell My House?

Yes! While some homeowners may be tempted to hold off until spring to list their houses, you should know – homebuyers aren’t waiting. Demand is high today as more people are trying to beat rising mortgage rates. As a result, eager buyers are entering the market or moving their plans up so they can make their purchases as soon as possible.  That means demand for your house isn’t just increasing – it’s high right now. Find out what your home is worth, here.

Do You Still Have Questions? 

We understand you may still have questions that we haven’t covered in this article. We’d love to help. Please contact us so we can help get all of your questions answered and get started on the right foot. We look forward to hearing from you!