What Do Experts Expect From 2022's Housing Market?
When asked whether sales are projected to rise or fall in 2022 compared to 2021, 41% of participants in the latest Zillow® Home Price Expectations Survey (ZHPES) said sales will grow, 41% predict a slowdown, and 18% believe sales will remain around the same. Among those panelists who anticipate an increase in sales, additional inventory is overwhelmingly cited as the key; 51% said an increase in existing homes listed for sale will be the most important factor, while 21% pointed to more new homes being completed and listed for sale. Most ZHPES panelists believe these trends will continue in 2022, with 46% expecting growth rates in downtown to slow more than those farther out, compared to 34% who believe downtown values will rise faster than those in suburban areas.
