Return to pre-pandemic levels

There’s no doubt there’s a shift in the housing market. No, it’s not a bubble or an impending crash. It’s simply a return to pre-pandemic levels. Here’s what you need to know.

Here’s a look at existing home sales going all the way back to two-thousand-seventeen, including the most recent forecast for this year. When I look at this, a couple of things stand out. First of all, twenty-twenty-one was an incredible year for the housing market. We actually hit a fifteen-year high in existing home sales. The second thing I see is that the orange bar for this year’s forecast shows sales are returning to where they were pre-pandemic.

Here’s why this is important. The media talks about how the market is crashing or the boom is over, when in fact we’re just heading back to where we were before the health crisis. And don’t forget – those were very strong years for real estate.

My goal is to keep you educated on topics like this, so you feel as confident as possible when you’re ready to buy or sell a home.

Want more insight on the housing market in Pasco County, FL and how that impacts your real estate goals? Join my email list for monthly market updates.