Supply and demand have always dictated the pricing of goods,, including homes.

And maybe you’re wondering, “With this ever changing market we are currently in, how will home prices be affected?” Great question!

Let’s have a look at what experts are saying about the future of the market.

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WILL we be seeing a market more like before 2020?,, Take a look at this graph on demand. It clearly shows a downward trend back to what we saw before 2020.,, We see 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, as of recently,, we are now seeing demand and sales begin to drop.,, We also know lower interest rates drove people into the housing market,,, and rising rates are now pushing many back out.,, Showingtime is also showing a decline in demand, and this chart does not even show the most recent months which have even,, lower,, numbers.,, Overall, experts are definitely showing a market shift in 2022 back to the kind of market we saw prior to 2020., Stay tuned for more information about the future of real estate. (SMILE) I’m Dawna Brown, owner of Homes By Dawna with EXP Realty, and remember, I live and work here and I’m here for you. Give us a call, I would love to help.