Here’s how inflation is affecting our real estate market these days.
To begin, I want to wish you all an exceptional 2022. Today I’m discussing our current real estate market and what’s affecting it. It’s a great time to buy or sell a home, but prices are getting very high. Why haven’t we seen any adjustments yet? It all comes down to inflation.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:
0:00 — Introduction to today’s topic
1:10 — Inflation in the U.S. right now
2:20 — 2021 ended with a 6.8% inflation rate, which is an issue
3:25 — In any type of market, if there isn’t enough supply and a ton of demand, prices will increase
4:20 — As of the recording of this video, we only have 1,511 homes/properties of any type on the market
5:20 — By contrast, in December alone, we sold 3,121 homes/properties
7:10 — Don’t be too concerned about what’s going to happen with the market
8:10 — Wrapping up today’s topic
If you have questions about this or any other real estate topic, feel free to reach out via phone or text. We’d be more than glad to speak with you.
