| It’s been an interesting year for the housing market in Florida which has shown to have a lower supply than demand and has really been a struggle for buyers. As soon as a home goes on the market, it’s a mad dash to get your offer in. This has created a significant increase in home pricing. With an influx of buyers moving to the state from the Northeast and California, the luxury housing market has been booming in 2021. So, the question is, will this continue into 2022? Well, there is no reason to think the demand for housing is going to change. However, the demand for luxury housing is expected to level off sometime this coming year and the demand for more affordable housing could see an increase. Here are some things to consider: 1. With travel ban restrictions lightening, we will start to see the return of international buyers. 2. We will still see many buyers coming to Florida from the Northeast and California. 3. Rental prices are still on the rise therefore there is a larger incentive for renters to investigate buying a home. 4. The economy in Florida is on fire! There are plenty of jobs out there for people wanting to relocate from other states. These factors all contribute to how 2022 will go. While we can only make predictions, we do know that 2021 was a phenomenal year. With continued growth of demand, it seems that Florida’s real estate market is well on its way to starting off 2022 with a bang! Credit: Realtor.com |
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Southern States Realty Service
1190 Pelican Bay Dr, Daytona Beach, FL 32119, United States
Troy G. Railsback
SSRS Broker BK3306166
SSMG Community Association Manager CAM30228
© All rights reserved
SSRS Broker BK3306166
SSMG Community Association Manager CAM30228
© All rights reserved