Where will home values go in 2021?Home price appreciation in 2021 will continue to be determined by an imbalance of supply and demand. If supply remains low and demand is high, prices will continue to increase, making it a great time to sell your house.
Housing SupplyAccording to realtor.com, we are entering 2021 with approximately 443,000 fewer homes for sale than there were one year ago. However, there’s some speculation that the inventory crush will ease somewhat as we move through the new year for two reasons:
- As the health crisis subsides, more homeowners will be comfortable putting their houses on the market.
- Some households impacted financially by the pandemic will be forced to sell.