A Return to ‘Normal’? The State of Real Estate in 2022
 
 
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1
 
However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2 While this trend could be attributed to seasonality, it could also be a signal that the real estate run-up may have passed its peak.
 
So what’s ahead for the U.S. housing market in 2022? Here’s where industry experts predict the market is headed in the coming year.
 
 
MORTGAGE RATES WILL CREEP UP
 
Most economists expect to see mortgage rates gradually rise this year after hitting record lows in late 2020 and early 2021.3
 
Freddie M/ ...

The Real Estate Market Along Florida's East Coast
Market conditions along the Florida East Coast continued to strengthen in October, with a rebound in sales volume and price gains throughout most neighborhoods. The strong economic conditions, highlighted by a low unemployment rate of 4.7%, and lifestyle continued to attract new residents to the region, adding to the demand for homes. The recovering tourism market, particularly from international travelers, will improve economic conditions and potentially return a missing demand segment to the market.
Sales activity stabilized in October, changing little from the previous month. In October, more than 9,700 single family homes and condos sold along Florida’s East Coast. While closed sales fell by 13% compared with last year, sales velocity last fall was influenced by pandemic-related purchases and migration. Compared to 2019, when market conditions could be considered more normal, sales were up by 11%. By property type, condo ...

The Real Estate Market Along Florida's East Coast
The housing market has strengthened through late summer with buyers matching and exceeding the number of sellers in most neighborhoods and price ranges.
The typical seasonal pattern of moderating sales volume and pricing took hold in August, and will likely continue through the end of the year. The return of seasonal trends underscores a shift towards a normalized housing market from pandemic driven extremes.
The regional economy continued to expand, albeit at a muted pace given the rise of the COVID-19 delta variant. Although some tourism activity was held in check, the regional unemployment rate improved to 4.5%, quickly approaching the pre-pandemic level.
As the summer ends, sales of single family homes usually slow down. This was also the case with home sales this August, which totalled 10,821 homes. That's a 7% decrease compared with July. However, the winter season also brings to Florida tourists and residents from the North ...

Read about the trends in the real estate market in Southeast Florida.  Trends by region and by city. The growth continues but at a smaller pace in some areas. The strong demand for single family homes continues and the demand for condos increases. 
The limited inventory creates heavy pressure on home prices.
Read the full report:
TRENDS August 2021 - Market Report by ONE Sotheby's International Realty
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