No major industry expert expects home depreciation in 2022. In fact, their estimates average out to a 5.1 percent increase across the U.S. So what does that mean for us here in North Texas?
While we likely won't see the 22% year over year increases we have seen in 2022, we still many more motivated buyers in the market and few available homes. This supply and demand imbalance will continue to push up prices for a while longer. New home builders are trying to catch up, but even at full speed it will be a few years before there is inventory to meet the demand.
Let’s get together and chat about what’s happening with home price appreciation in our market so you can make an informed decision about your next move.