Prediction: 2022 Real Estate Trends
Even if you didn’t buy or sell a home in 2021, you were probably affected by Tampa Bay’s red hot real estate market. As the saying goes, “A rising tide lifts all boats.” Maybe not everything about being in the national spotlight is desirable, but it has certainly strengthened our already strong local economy. So what’s ahead for 2022?
Over the last 43 years, the annual report put out by PricewaterhouseCoopers, Emerging Trends in Real Estate, has become the industry standard (read full report here).
In many ways, the latest report resembles that of last year. Trends that emerged in 2020 as a direct result of the pandemic gathered strength in 2021 and are expected to continue unabated through 2022. Large cities dominated the country’s top real estate markets for decades, but they have lost their appeal as people discover they can work from anywhere, spend less and escape dense crowds.
The demand for real estate in smaller metro areas has been nearly insatiable over the last 18 months, and in no area was that demand felt more strongly than right here in Tampa Bay. Even though landing a home will continue to be challenging for Tampa’s buyers, this is good news for those who bought in 2021, and for those who are contemplating buying or selling in 2022. Home values remain strong and will continue to rise, albeit at a more moderate pace than they did last year.
In other words, the market will continue to reward both buyers and sellers!
PWC’S TOP 10 REAL ESTATE MARKETS 2022
Nashville
Raleigh / Durham
Phoenix
Austin
Tampa / St Petersburg
Charlotte
Dallas / Fort Worth
Atlanta
Seattle
Boston
PWC’S TOP 10 NEW CONSTRUCTION MARKETS 2022
Raleigh / Durham
Tampa / St Petersburg
Phoenix
Dallas / Fort Worth
Austin
Denver
Charlotte
San Antonio
Atlanta
Washington DC / Northern Virginia
