Buying a House in 2022: What to Expect In 2021, it was difficult to find a home. While prices soared across the country, shoppers hurried to find residences and engaged in bidding wars. What to expect and how to prepare are outlined below. According to Ross, a healthy real estate market contains around six months of unsold inventory. At the present sales rate, it would take six months to sell all of the homes on the market.
A ray of hope: real estate industry groups anticipate an increase in the availability of for-sale homes in 2022. "The intense multiple offers will start to ease as additional housing inventory hits the market," Lawrence Yun, the National Association of Realtors' top economist, said in a recent press statement. However, buyers will continue to outweigh sellers. "It'll still be fiercely competitive," he predicts. Home prices will grow, but not as swiftly as they have in the past.