Will Housing Market Crash in 2022?
The home price growth in the United States will “moderate” or slow down in 2022, but shows no signs of a crash. The housing market has been along for much of the ride and continues to benefit greatly from the overall health of the economy. However, hot economies eventually cool and with that, hot housing markets are expected to move more towards balance.
The latest housing market trends show that prices are rising in most parts of the country and most price segments because of the lack of supply, St. Louis has seen a considerable decline in supply since 2012. Economic activities are ramping up in all the sectors, mortgage rates are rising, and jobs are also recovering. As of now, low mortgage rates are providing opportunities for buyers to lock in low monthly mortgage payments for future years.
The graphs show the data trends in the St. Louis County market from January 2011 to December 2021 for;
- Average Sales Price,
- Average % of List Price Paid
- Median Price Per Sqft
- Months Supply of Housing Inventory
Each data point is 12 months of activity. Data is from December 7, 2021. All data from MARIS.
Gladys Manion Real Estate
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