Are Home Prices Still Going Up? | May 2021 Thousand Oaks Real Estate
Updated: May 21
Experts believe that home values will remain strong throughout 2021 even though there was some speculation at the beginning of the year indicating a slow down.
The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize.
After the first quarter of 2021 home price forecast are predicted to increase anywhere from 6.6% up to a whopping 10.3%
Demand will remain strong, so future appreciation will be determined by how quickly listing inventory makes its way to the market.