Here’s what you can expect from the rest of our 2021 real estate market.
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What’s the market forecast for the rest of 2021? It was anticipated that between 5 and 5.25 million units would be sold nationwide throughout the year, which would equate to about 10.5 million transactions among buyers and sellers. Strong sales were also anticipated, and we’re finding that even though interest rates are low, they have a tendency to move upward, which will prompt people to move quicker.
In the summertime, as more people receive their vaccinations and we’re able to further bypass the COVID-19 hurdle, we expect inventory to flow into the marketplace. People who’ve been staying inside for the past 18 months and held off on their home-selling plans due to COVID-19 will most likely finally list their properties. As the moratoriums are lifted for rent evictions and foreclosures, we also expect to see a surge of buyers.
If you’d like to talk more about what the future holds for the rest of the 2021 market or have any questions at all, don’t hesitate to call or email me. I’d love to speak with you.
