Birmingham Real Estate Market Overview ~ December 2021
Check out what homes sold recently in the local Birmingham, Michigan real estate market in this local overview of December 2021 residential home/condo sales. The 2021 housing market was a tough one for home shoppers. Low rates and increased flexibility from working remotely put many first–time homebuyers on the map. But limited inventory, skyrocketing prices, and fierce bidding wars made housing harder to come by. Things may soon level out to a more ‘normalized’ market in 2022, according to real estate experts. Competition could start to taper off and price growth may begin to moderate. Most analysts agree the market will remain hot, as it will take a long time to regain inventory. Overall though, 2022 should be a better market for buyers. Sellers also will see benefits, as home prices are still projected to rise. Experts are forecasting buyer demand will remain strong as people try to capitalize on mortgage rates and prices before they climb, creating another strong year for home sales.
For more information on listing your home (or buying in the current market), rely on Amy and Tiffany to navigate your real estate sales and purchases from “luxury estates to leases”! We have the experience to assist you at any price point. Be assured you are making the best choices when buying and selling with us. Give Amy Zimmer & Tiffany Glime at Hall & Hunter Realtors a call to start your home buying or selling today and move with confidence!
📱 Amy 248.469.6430
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