2022 Dallas Fort Worth Housing Forecast
/2022 is upon us and I wanted to share my thoughts on what to expect this year in the Dallas Fort Worth Texas Real Estate market!
Keep in mind, real estate is local, so what happens at the national level doesn’t always happen at the local level. There are too many factors at the local level that do not apply elsewhere.
Also remember these last few years have been record setting, so continuing those numbers is not realistic. However even if we come close it is still an amazing year.
Buyer demand is very strong, and there are still many buyers who have not been successful getting in to a home. I expect that demand to continue this year and make it a strong year.
Property inventory remains historically low with no change in sight. Buyer demand exceeds the inventory by a large margin and builders are not providing enough homes to keep up. Builders are experiencing labor shortages, supply disruptions and more expensive land to build on.
All that to tell you… 2022 will be a strong year in real estate here in the Dallas Fort Worth Texas area. Low inventory, high demand will push sales prices up and keep up the strong market. Will it be record breaking? Maybe not, but as long as it is close, it will be strong enough to be a very hot market.