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.
109 Properties
Page 1 of 10
Open 7/21
593 Crane Prairie WAY Osprey,  FL 34229
$729,000
Neighborhood: Willowbend Ph 4
4
Beds
3
Baths
2,340
Sq.Ft.
2005
Year Built
3
Days on Site
A4617437
MLS
$1,399,999
Neighborhood: Bishops Court At Oaks Preserve
4
Beds
4
Baths
3,541
Sq.Ft.
1997
Year Built
4
Days on Site
G5084149
MLS
$449,900
Neighborhood: Sorrento Shores
3
Beds
2
Baths
1,758
Sq.Ft.
1962
Year Built
4
Days on Site
A4617457
MLS
Open 7/20
280 Hidden Bay Dr #203 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2024
Year Built
5
Days on Site
A4606472
MLS
Open 7/20
280 Hidden Bay Dr #204 Osprey,  FL 34229
3
Beds
2F11/2
Baths
2,166
Sq.Ft.
2024
Year Built
5
Days on Site
A4606470
MLS
Open 7/20
280 Hidden Bay Dr #302 Osprey,  FL 34229
3
Beds
2
Baths
1,937
Sq.Ft.
2024
Year Built
5
Days on Site
A4606463
MLS
Open 7/21
1030 Scherer WAY Osprey,  FL 34229
$925,000
Neighborhood: Rivendell The Woodlands
4
Beds
3
Baths
2,433
Sq.Ft.
2003
Year Built
5
Days on Site
A4617081
MLS
$98,000
Neighborhood: Dry Slips @ Osprey Harbor Village
6
Days on Site
A4617108
MLS
$5,350,000
Neighborhood: Bay Acres - Resub
3
Beds
4F11/2
Baths
4,000
Sq.Ft.
2024
Year Built
6
Days on Site
N6133415
MLS
$429,900
Neighborhood: Bay Acres - Resub
2
Beds
2
Baths
1,346
Sq.Ft.
1963
Year Built
8
Days on Site
A4617047
MLS
Open 7/21
813 Oak Pond Dr Osprey,  FL 34229
$580,000
Neighborhood: Bay Oaks Estates
4
Beds
2
Baths
1,981
Sq.Ft.
1996
Year Built
9
Days on Site
A4616270
MLS
$95,000
Neighborhood: Dry Slips At Bellagio Village
45,244
Sq.Ft. Lot
2006
Year Built
10
Days on Site
A4616812
MLS

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