DRE# 01440068, DRE# 02037359

January 2022 - Market Update

Posted February 11, 2022

January 2022 Stats - Santa Barbara

AS WE LOOK FORWARD TO 2022, WHAT CAN WE EXPECT?

  • The California Association of Realtors predicts the median sales price will increase by 5.2% and the number of sales will actually decrease by 5.2%.

  • Danielle Hale, Chief Economist at Realtor.com predicts the number of sales will increase by 6.6%.

  • There is no doubt interest rates will increase slightly throughout the year & we are already seeing changes in rates for jumbo loan products. 

We are definitely in for another rollercoaster ride in real estate! Sue Yannccone, CEO & President of Realogy Franchise Group predicts demand will not diminish, she says, “Making up the largest share of home buyers in the US and entering their 30s & 40s at a growing rate, millennials are finally getting off the sidelines of the housing market… As we enter this period of sustained demand, inventory will be the metric to watch.” 

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