What To Expect From Q1
What you can expect from the real estate market in Q1 of 2022.
The real estate market in the Sacramento region will be extremely competitive, and there are a couple of reasons for that. Today I'll talk about what I expect to happen in the first quarter of 2022.
Typically, we have a lot fewer listings over the holidays. There’s a drop-off in demand from the buyers, so there isn’t as much market activity. However, buyer demand strongly ramps up again in the first few weeks of the new year. Demand is going to rise, but supply won’t increase as quickly. I also believe that the Bay Area migration has not peaked yet, so we should continue to see people from the Bay Area coming to our market. That demand puts pressure on prices.
"I believe that we'll see a perfect storm in the first half of the year."
I believe that we'll see a perfect storm in the first half of the year. As interest rates rise, there is also more pressure from inflation. Individuals who want to get a house are going to try to get one sooner rather than later and do everything they can to secure that house. That might include paying more or releasing all their contingencies upfront, creating a competitive environment.
If you're a seller, it's a great time to sell. If you want to maximize the value of your house, let's talk. I can help you put money into the proper places to maximize that sale. If you have any questions, don’t hesitate to call or email me. I look forward to hearing from you.
