Is It a Buyers’ or Sellers’ Market in 2022?
Abstract
It's Still a Sellers' Market in 2022 You may be wondering what this implies for your intentions to sell your property since there is increasing chatter about the real estate market cooling off from its peak frenzy during the pandemic. As a result, current market circumstances continue to favor sellers and buyers continue to struggle with rising home prices, mortgage rates, and inflation. A balanced market typically equates to 6-7 months of supply; while a buyer's market equates to 7 months of supply and above, and a seller's market equates to 6 months of supply and under. In a seller's market, real estate prices increase. A buyer's market would exist only when there are more properties for sale than there are buyers in the market. Too few properties are available relative to the number of buyers on the market, giving the seller all of the leverage. The US housing market has only transitioned from a very hot sellers' market to a moderate sellers' market.
