Here’s what you can expect to see from our real estate market in 2022.
There’s an incredible economist who has essentially predicted our real estate market along the Emerald Coast for the past several decades. Today I’m bringing you his predictions for 2022. We recently met with Edsel Charles, founder of Market Graphics Research Group, to hear his thoughts on the 2022 market.
Essentially, the future looks bright along the Emerald Coast. There may be a small bump in interest rates in 2023, but it will be short-lived. Edsel predicted that we’d need to sell close to 250 homes per month over the next two years to keep up with demand.
“Demand is still outpacing supply along the Emerald Coast.”
I recently read an article that 730,000 people have moved to Florida in the last year, and many of them are coming to our area. That also gives homeowners here an opportunity to maximize their positions by selling. Demand is outpacing supply, and now is a great time to list and sell for top dollar.
If you’re a buyer waiting for the market to dip, you may be waiting for quite a while. I don’t foresee demand slowing down here anytime soon. Rental rates, home prices, and more are going up. Rental rates and occupancy rates have gone way up in the last two years, and there’s no wonder why—our beaches are beautiful, people are friendly, and the market is bountiful.
If you have any questions for me about the market or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.