01/26/2022
Where are home prices headed??
After double-digit appreciation over the past two years 📈 many experts thought things would slow down in the last quarter of 2021. Instead, appreciation remained steady around 18% over the last five months due to continued high demand from buyers, as well as a continued decline of active listings. 📉
Experts thought demand would slow, but especially here in Florida, it has not. Also, they predicted a wave of foreclosures and additional new builds to boost inventory levels. Well, it turns out there hasn’t been a surge in forbearance numbers.
Home price appreciation may slow this year as new inventory trickles into the market, but it’s not likely that it will decline significantly anytime soon. Are you curious about your home’s value? Shoot me a message! I can provide you with a free report on your home and the surrounding areas. ✨