A Look Ahead: Graphical Representation of the Housing Market Forecast for 2023 [INFOGRAPHIC]

1. Rising Home Prices

  • Forecast: Home prices expected to continue rising in 2023.
  • Impact: Sellers may benefit from increased property values.
  • Advice: Consider selling if you've built significant equity.

2. Mortgage Interest Rates

  • Forecast: Mortgage rates projected to remain relatively low.
  • Impact: Attractive rates may drive buyer demand.
  • Advice: Buyers should take advantage of favorable financing.

3. Inventory Levels

  • Forecast: Inventory levels anticipated to improve slightly.
  • Impact: More options for buyers, easing competition.
  • Advice: Sellers should price competitively to attract buyers.

4. Millennial Homebuyers

  • Forecast: Millennial homebuyers to dominate the market.
  • Impact: Shift in demand towards starter homes and suburbs.
  • Advice: Target marketing to appeal to millennial preferences.

5. Smart Home Technology

  • Forecast: Growing demand for smart home features.
  • Impact: Homes equipped with technology may command higher prices.
  • Advice: Consider adding smart features to enhance property value.

6. Impact of Remote Work [Visual Element: Image of a laptop and a home office]

  • Forecast: Remote work to continue influencing buyer preferences.
  • Impact: Home offices and flexible spaces in demand.
  • Advice: Highlight home features suitable for remote work.

Some Highlights

  • Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
  • Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.
  • Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.
70 Properties
Page 1 of 6
$899,900
Neighborhood: Rivendell
3
Beds
3
Baths
2,388
Sq.Ft.
2002
Year Built
2
Days on Site
A4583215
MLS
Gorgeous mature oak tree canopied streets welcome you to Rivendell at the Woodlands. This 3 bedroom 3 bath home with volume ceilings and a spacious open floor plan, bathed in natural light, is your...
$1,825,000
Neighborhood: Oaks
4
Beds
4F11/2
Baths
4,486
Sq.Ft.
2002
Year Built
4
Days on Site
A4581589
MLS
One or more photo(s) has been virtually staged. This Regents Versailles model in The Oaks Clubside combines all the delights of a Florida golf course home with luxury touches and a Mediterranean vibe....
Open 9/22
455 N Shore Dr Osprey,  FL 34229
$545,000
Neighborhood: Sorrento Shores
2
Beds
2
Baths
1,229
Sq.Ft.
1966
Year Built
6
Days on Site
A4582900
MLS
Welcome to the Ultimate Florida Paradise at 455 N Shore Drive in Osprey!...Nestled in the Highly Sought-After Sorrento Shores Community, This 2 Bed/2 Bath Home Sits on an Expansive Lot Near the...
$750,000
Neighborhood: Meridian At The Oaks Preserve
3
Beds
3
Baths
2,594
Sq.Ft.
2004
Year Built
7
Days on Site
A4580457
MLS
Welcome to your slice of paradise! Don't pass up the opportunity to live the country club lifestyle in Meridian at The Oaks Preserve. Invite friends and family to this spacious, bright, and clean...
$2,579,000
Neighborhood: Sarabay Acres
1
Beds
1
Baths
3,168
Sq.Ft.
1953
Year Built
7
Days on Site
N6124410
MLS
This property offers immediate income generation through a well-maintained 4-Plex. Situated on half an acre with 100 feet of direct bayfront access, it is currently zoned RMF1 with the potential for...
$2,579,000
Neighborhood: Sarabay Acres
4
Beds
4
Baths
3,168
Sq.Ft.
1953
Year Built
7
Days on Site
N6124661
MLS
This gated bayfront compound, sitting on half an acre with 100 feet of bay frontage and a brand-new 150-foot dock with boat moorings, offers a range of possibilities. You can use it as a family...
$449,000
Neighborhood: Osprey Park 2
3
Beds
1
Baths
1,344
Sq.Ft.
1959
Year Built
10
Days on Site
A4582528
MLS
Rarely Available NO-DEED Restrictions. Wonderful opportunity in Osprey just south of Sarasota. Property is completely fenced with vinyl fencing. Rolling Gates for extra security. Tropical setting...
$318,000
Neighborhood: Pine Run Iii
2
Beds
2
Baths
1,325
Sq.Ft.
1980
Year Built
12
Days on Site
A4582182
MLS
Ahhhh, paradise found! If you are considering a move to Florida, now is the time to buy and be here before another cold winter strikes! This condo is located in Pine Run, a Sarasota classic nestled...
$3,400,000
Neighborhood: Oaks
4
Beds
4F21/2
Baths
5,010
Sq.Ft.
2023
Year Built
13
Days on Site
A4581967
MLS
How to describe a masterpiece?! This home was completed just 7 months ago and is ready for a new owner to enjoy the breathtaking features it offers. This home is still under the builders warranty!...
$810,000
Neighborhood: Villas At Osprey Harbor Village
3
Beds
2
Baths
1,799
Sq.Ft.
2006
Year Built
14
Days on Site
A4582064
MLS
A rarely available luxury waterfront 3 bedrooms, 2 bath condo is available in the Villas at Osprey Harbor Village. Osprey Harbor Village one the most coveted communities in Sarasota County. This...
$389,000
Neighborhood: 0169 Ogburns T B Add To Town Of Osprey
2
Beds
2
Baths
1,242
Sq.Ft.
2023
Year Built
14
Days on Site
C7480184
MLS
Under Construction. Under Construction. New Construction and began August 21ST and is scheduled to be done by the end of 2023.
$735,000
Neighborhood: Towns-End Shores
3
Beds
2
Baths
1,958
Sq.Ft.
1992
Year Built
15
Days on Site
A4581128
MLS
Fantastic Location! This well-designed three-bedroom, two-bathroom residence offers ample space, featuring a spacious master bedroom with an expansive ensuite bathroom, complete with a generously...

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