Wondering what the new year might bring? Well, you are not alone.
It’s that time of year for 2021 predictions, which of course means looking ahead to what the future real estate market might look like.
I want to preface this post by noting that there are no guarantees. Remember, these are predictions. But so far, the future looks bright!
Realtor.com has a positive outlook on the state of the Florida real estate market. Sellers may see an 8.7% growth in sales and a 7.5% increase in prices. But that doesn’t mean you should wait to sell! If you are thinking about selling your home, this is still a sellers’ market. Because home inventory is low, you may be able to get more for your house right now!
What about buyers? Do they have anything to look forward to in 2021? 2020 has brought some amazingly low mortgage rates. Will they continue in the new year?
If you follow Realtor.com’s predictions, then now may be the time to buy. Since Realtor.com believes home prices will increase, now is the best time to get an affordable home and take advantage of historically low mortgage rates. The website believes mortgage rates will go up by the end of 2021, so don’t miss out on your chance to lock in a low rate!
Whether you are looking to buy or sell a home or just want more insight into the Tampa market, I can help! As a licensed Tampa Realtor, I stay on top of market trends to better serve my clients. Let’s talk about your goals and what may be right for you.