Our 2020 Market Predictions

Today I’m sharing a few predictions about what our 2020
real estate market will do.

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Welcome to 2020: Today I’m going to make a few predictions
about our 2020 real estate market.

Looking back quickly, we’ve noticed a continuation of a
flat market that became more price point driven.
Everything under around the $400,000 price point was
selling at a fairly quick rate last year, and I anticipate
continuing this year.

The higher in price the home is, the harder it is to sell
right now. However, in each price point, homes that showed
off their inherent value sold quickly. When a home is
priced properly for what it is, what it has, and what it
doesn’t have, you’re much more likely to sell quickly. In
2020, we’ll see a similar market to 2019, but there’s no
need to worry about a recession.




The higher in price the home is, the harder it is
to sell right now.



We are now in an election year, and that can affect the
stock market. However, people much smarter than I am
about financing and accounting believe we will hold
steady in 2020 as long as the national economy stays
fairly steady. We are currently low on home supply, so
if you’re considering making a move, this is the time
to sell. In my opinion, the higher price points are
going to experience a slight increase in inventory sold
because we’re short on supply. If you list your home
that’s valued at over $400,000, I think you’ll sell it
this year.

If you have questions about our market or anything else
concerning real estate, give me a call or send me an
email. I look forward to speaking with you. In the
meantime, have a wonderful 2020!