What’s ahead for local housing markets?

Every month we poll our network of CoBuy-certified™ real estate pros to get their read on home prices, supply & demand dynamics, and themes likely to drive local markets over the coming months. Check out the key takeaways below!

Home prices.

65%

of the real estate pros we polled said prices will increase

over the next 3 months.

(the remainder said prices will “hold steady”)

INVENTORY

Supply of homes on the market over the next 3 months will…

0

percent

“INCREASE SHARPLY”

71

percent

“INCREASE SOMEWHAT”

24

percent

“HOLD STEADY”

6

percent

“DECREASE SOMEWHAT”

8 in 10 of those surveyed predict buyer demand will increase over the next 3 months.

First-time buyers & folks moving to town are expected to drive this demand (a continued theme).

Biggest threats to market stability?

…

#1 Lack of Inventory

#2 Economic Uncertainty

#3 Geopolitics

#4 Housing Policy & Regulation

Challenges facing first-time buyers…

##

High prices

Financial education

Skepticism of lending & real estate industries

Zoning & regulation

Over 85% of respondents say eliminating single-family zoning would benefit the local housing market.

The word on the street.

In recent discussions with real estate agents, loan officers, and builders, recurring themes have included:

• **Multiple offers and competitive bidding **are on the rise as activity and competition between buyers heats up
• Higher prices are forcing first time homebuyers to compromise
• Activity and competitive dynamics are increasingly tiered by geography and price point

The raw results