What will the 2021 housing market look like? Will there be a home sale crash? Are we going to see the market fall apart? Eric Stewart touches on these questions in his new video below.
This January saw 400,000 homes on the market compared to 750,000 homes in January of 2020. This low inventory paired with a large supply of potential buyers has led to a strong, competitive market and multiple offer scenarios. A lot of people wonder if these conditions will continue in 2021.
Eric Stewart thinks that they will remain for the foreseeable future. He predicts we’re likely to see continued limited supply for the next seven or eight years as housing stock is not being created fast enough for buyer demand.
What does this mean for those hoping to buy or sell this year? For those looking to sell, you’re going to be in a great position to get top dollar throughout the rest of this year. For those looking to buy, you should find an agent who will look out for your best interests and know how to beat out other buyers. In any case, head to our home page for more information.