Market update

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I found these two charts from Redfin's latest market analysis most telling. 

The first is telling us housing inventory has been declining for the last 3 years. If you recall, recently I posted about Zillow forecasting supply will take an uptake in the 1st half of 2022. Hopefully that ends up being the case. Otherwise, we'll continue to see a strong rise in prices. 

The second chart on Buyer Demand, states it was higher in 2021 than the last two years, and based on the buyer inquiries I've been getting lately, I expect this to continue into 2022's buying season which runs from January to May. 

My advice is don't wait for a recession. Buy sooner to get a lower price. 



--

Sunil Sethi Real Estate

Sunil Sethi / REALTOR, Broker, MBA, CPA(inactive), GREEN

www.sunilsethi.com
BRE #01173766

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