Housing Market Predictions In 2022: Will Prices Drop? via ForbesAdvisor
and few people are being laid off. The stock market has been battered, yet consumer sentiment remains high.
Now, just as many buyers are starting to step back and some sellers may be, as well. Inventory was 26.6% higher than a year ago in August, according to a Realtor.com report, but that’s because homes were lingering on the market longer. There were actually 13.4% fewer new listings than a year ago during the same month.
“It’s still a seller’s market, but it’s a little more attainable,” says Sue Van Woerkom, a real estate agent in the northern suburbs of Columbus, Ohio. “It’s a good time for a buyer to get in and have a little more time to make a decision.”
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