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.

82%

of the real estate pros we polled said prices will increase

over the next 3 months.

(up from 73% last month)

INVENTORY

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

5

percent

“INCREASE SHARPLY”

70

percent

“INCREASE SOMEWHAT”

11

percent

“HOLD STEADY”

11

percent

“DECREASE SOMEWHAT”

9 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 - Geopolitics #3 - Economic Uncertainty #4 - Inadequate Infrastructure

Challenges facing first-time buyers…

High prices

Financial education

Skepticism of lending & real estate industries

Zoning & regulation

Over 70% 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:

• **Traditional uptick in Spring-time activity **is underway, and expected to ramp up into Summer
• Tight inventory continues to challenge buyers
• More financing of ADUs and Renovation Loans versus previous months
• Mixed responses regarding the possible re-emergence of “bidding wars”

The raw results