Real Estate Market 2022 Predictions

How Will Prices Change in the Future?

Supply and demand have always dictated the pricing of goods, including homes. With this ever changing market we’re currently in, how will home prices be affected in the coming months? And will we be seeing a market more like before 2020? Here are the expert Real Estate Market 2022 Predictions.

Exisiting Home Sales

Hey, it’s your favorite bearded realtor, Eren Millam with Premiere Property Group. Let’s take a look at what experts are saying about the future of the market. Taking a look at Demand,  This graph clearly shows a downward trend back to what we saw before 2020.

We see that with all the changes that 2020 and 2021 brought, from interest rates to us viewing our homes differently, it caused a major increase in demand for housing.  But now in 2022, we are now seeing demand and sales begin to drop.

Interest Rates

We also know that lower interest rates drove people into the housing market, and rising rates are now driving many back out. 

Showings

Showingtime is also showing a decline in demand, and it does not even show the most recent months which have even lower numbers. 

Real Estate Market 2022 Predictions

Overall, experts are definitely showing a market shift in 2022 back to the kind of market we saw prior to 2022.  Stay tuned for more information about the future of the real estate market. , I’m Eren Millam with Premiere Property Group here to help with your home buying and selling needs. And remember, Extraordinary Service delivers Extraordinary Results.

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If you’re thinking of buying or selling your home in the west Lewis County area, contact me today! I’d love to hear from you! Eren Millam – Managing Broker Premiere Property Group, LLC WA License No. 26933

Chehalis, WA 98532 | Centralia, WA 98531 | Adna, WA | Napavine, WA | Onalaska, WA 98570 | Rochester, WA 98579 | Vader, WA 98593 | Winlock, WA 98596 | Boistfort, WA 

Call/Text: (360) 219-3616 | Email: Eren@LewisCountyHomes.com

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