The experts are forecasting some very interesting trends for the housing market in 2021 - very positive trends. Here are a few key points to ponder: 

  • Affordability will continue to be a struggle for buyers as prices will hit new heights - expecting +5.7% increases.
  • Home selling should return to normal seasonality with Spring and Summer being the usual strongest seasons.
  • Home sales are expected to continue to grow - expected to be up +7% based on strong demand.
  • Millennials continue to dominate and will now be taking over the “move-up” buyers as they have children and need more space.
  • Covid 19 has created new reasons for people to move such as:
    • The need for new home work space
    • The need for new home virtual schooling space.
    • With more people working form home, the desire to get farther out of cities will grow - suburban migration will increase.

We expect the seller’s market will continue into 2021 but it won’t be as intense. With inventory levels expected to increase due to a ramp up in new construction, sellers setting reasonable expectations can expect to see a timely sale. Buyers will enjoy a more hospitable market which should bring the fun back to being a home buyer once again.

For more details on these and other forecasted trends, visit to explore their full article on 2021 Housing Market Forecast and Predictions.

2021 Real Estate Forecast

Posted by Alan Castleman on
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