2021 was the year of SOLD. So many Peggy Slappey Properties clients saw their homes sell over asking price, with minimum days on the market, many to all-cash buyers who never saw the home in person. Multiple offer situations were the norm in 2021, as buyers flooded the market, which remained at near record low inventory in the metro Atlanta area for much of the year. This seller’s market was a dream come true for those looking to sell but caused headaches for buyers… and buyer’s agents.
Now that 2022 is here, the question on everyone’s mind is: Will home prices come down this year?
There is great news predicted for housing in the coming year. According to the experts at Realtor.com, home prices are expected to keep rising, but at a much slower pace. Why? Buyers continue to outnumber sellers, and greater demand drives prices up. New home builders across the metro Atlanta area continue to bring new homes to the market, but standing inventory remains quite low. It’s the simple law of supply and demand.
Buying a home is still a great investment.
This means if you bought a home in 2021, your investment will keep appreciating. Still, sellers are expected to flood the market in spring of 2022. Spring is traditionally the busiest season for real estate, and all the sellers who waited to sell because of the pandemic last year will be looking to make their move. This is especially true if price increases slow and market conditions – like low interest rates – remain steady.
For metro Atlanta in particular, where the population continues to grow and businesses continue to move, home appreciation should continue to steadily rise through 2022. There are plenty of motivated buyers, and while home inventory remains low, prices will go up, meaning your investment in a new home is a good one.
What is your home worth in today's market?
Have questions about home prices in your neighborhood? We have an experienced, highly trained PSP Realtor who can help. Call 770-271-5555 to connect with an agent today or get started online at www.psponline.com. We’ll provide a FREE market analysis of your home, so you know just what it’s worth in today’s market, and we’ll help you start your targeted home search immediately. 2022 is shaping up to be a great year for real estate in the Atlanta area!
Peggy Slappey Properties, Inc. is a Metro Atlanta real estate brokerage with 39 years of experience in real estate sales and marketing. From new home construction to resales, we can help you find the home of your dreams. To see our current listings, visit www.psponline.com and call us for expert advice at 770-271-5555. Keep up to date with the latest PSP events and offers by checking in on Facebook at https://www.facebook.com/peggyslappeyproperties and on Twitter at https://twitter.com/psponline.