Sellers are Likely to Keep the Market Advantage Moving into 2021

With buyer competition remaining strong and low inventory pushing home prices to new highs, sellers are likely to keep their market advantage next year, according to a housing forecast.

Home price growth may slow but will continue an upward trend, along with property appreciation for sellers. Housing shortages will largely continue to persist, but nationwide the number of listings will slowly rebound in 2021. As inventory slowly begins to replenish and buyer demand for homes remains steady, sellers will continue to be in the driver’s seat, said. Read the full forecast here.