Where the Market’s Going Next Year

Wednesday, December 22, 2021   /   by Ryan Nager

Where the Market’s Going Next Year



Here are my four predictions for next year’s real estate market.

2021 has been a banner year for real estate. We've seen high prices like never before and so I’m getting a lot of questions right now about what can be expected in 2022. Today I'll share four predictions that I have for next year:

1. 2022 will be more buyer-friendly. Over the last six months, we’ve started to see signs of the market starting to shift. We will likely continue to see the market balance out more next year. It won’t become a buyer's market, but it should be more buyer-friendly.

2. Expect to see more inventory. January is typically one of our heaviest months for new inventory and it can be a great time to start looking again. We will likely see more options for most buyers.

3. Don’t expect prices to fall. They're not going to go up as much as they did this year, but nothing in the data is telling us that prices are going to decrease. Most experts expect steady appreciation in 2022. 

4. Interest rates will rise. They’ll rise about 25% to 30% over 12 months and that can make affordability become more challenging. My recommendation to anyone that is thinking about getting into the market is to talk to a lender right now and see what options you have.

If you have any questions, don’t hesitate to reach out. Have a great holiday season and I look forward to hearing from you.

 

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© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Stunning Homes Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 5, 2022
© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 5, 2022
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