Everyone is wondering, will 2022 bring more homes for sale? The housing market has been out of balance for a while now. Too many home buyers have been active in a market with too few homes for sale. That’s the reason prices have been rising. It’s also the reason homes have been selling so quickly. It’s a problem with no quick solutions.
Adding to the housing stock requires more new homes be built and more current homeowners to put their homes on the market. But while there aren’t any easy answers, there are encouraging signs that next year will be a little better than this year has been. For one, the number of building permits for single-family homes has been rising and home builder confidence is high. Another positive sign is the number of forecasts predicting an increase in the number of existing homes that will be listed for sale in the coming year. For example, the National Association of Realtors’ consumer website just released an outlook saying that existing-home inventory will actually show a slight increase in 2022, after suffering steep declines in 2021.
With more sellers expected to enter the market as buyer competition remains fierce, we anticipate strong home sales growth at a more sustainable pace than in 2021. If you’re planning to purchase a new home, sell your existing home or both contact me today to discuss your current situation and learn about the opportunities in our local market. This blog post is provided by Jennifer Bixby, the Broker for Don Peterson and Associates Real Estate, 100 E. 6th St. Jennifer can be reached at 402-721-9700 for answers to real estate questions or visit www.teambixby.com on the web.
Realtor / President / Broker
Don Peterson & Associates