Local and National Real Estate Forecast for 2022
The Future of Florence Looks Bright
Windermere Real Estate's Chief Economist Matthew Gardner analyzes and interprets the economy on a national as well as the local level. He has recently given his forecast for the real estate market in 2022.
Total sold single family and multifamily units nationwide are expected to end the year with 6.02 million sold for 2021 and a projected 5.98 million units sold in 2022.
The nationwide average median sales price for 2021 will end at a gain of 16.4% with a forecasted gain of 7.3% in 2022.
Mortgage Rates will remain favorable closing the 4th Quarter of 2022 at 3.78%.
The median sales price in the past 12 months for Florence has risen 15.2% averaging $456,000.
The annual home price for Lane County will close 2021 with a gain of 16.8% and will continue to rise by 5.9% in 2022.
If you have been thinking of selling now is an opportune time to do so. For a complimentary market analysis with real time value of your property prepared by a local, professional Real Estate Broker, Click Here.
Laura Wilson, Real Estate Broker
Windermere Real Estate, Florence Oregon