The great news for real estate in the Prescott area in 2022 is that the superb market conditions we've been enjoying here for a long time now look set to continue.


Of course there are never any guarantees as we live in a very dynamic world where change can happen so quickly. But, as the above latest market activity data demonstrates, we continue to enjoy a very balanced and healthy market.


Looking at national trends, Realtor.com very recently reported that it broadly expects to see similar characteristics to the 2022 real estate market as we've seen this year.


In summary, returns for sellers will stay high and inventory of available homes for sale will remain tight.


And even though Realtor.com expects that mortgage rates will rise, buyer sentiment should stay very positive, especially if the rate of house price growth slows, which the site is expecting, compared with the exponential price increases seen everywhere in the early part of 2021.


Another plus for sellers is that rental prices will continue to grow much faster than home prices in 2022, making it even more attractive for many people to finally get a place of their own.


Like every area, Prescott has its own set of market dynamics and will continue to attract newcomers who recognize the great lifestyle available to them here.


The good times show no sign of ending and next year will present amazing real estate opportunities.


Contact us at 928-910-7032 to discuss the possibilities in 2022 related to your individual situation.