The Double Deuce
I remember when I was nearly a college graduate, and my birthday rolled around. 22! The double deuce! Somehow 22 felt much more substantial than 21.
And so it goes for 2022 vs 2021. This year, as fun and rollicking as its been for real estate, has felt fleeting. Everyone’s been waiting for something real to kick in! Let’s get back to our regularly scheduled programming already!!
2021 might have felt like a test. How are we going to fare in this new world? Is it going to be COVID forever?
Someone recently said that if you’re vaccinated, COVID isn’t killing people- it’s just killing plans. And I believe that it’s just a matter of time before we can start to frame COVID in the light of a thing that’s annoying, like a cold or the flu, but not something that needs to derail all life.
Until then, I believe that we’ve had enough dress rehearsal to soon move onto the show itself. And so, 2022 is no longer a test, not for life, and not for the real estate market.
Our latest inventory reports only echo what’s been going on all year. Inventory continues to drop. Prices continue to stabilize, or rise.
There’s No Other Way To See It
2022 is going to be a seller’s market, unless the Fed really blows its policy, or unless every seller in the city goes to market at the same time. Otherwise, we’ll continue to see prices rising, and limited inventory.
If you’ve been waiting to buy, don’t wait any longer. Get out there, get educated, and get ready. 2022 is going to be a busy year in the real estate market! -Scott & The HRT