Forecasting the 2022 Twin Cities Real Estate Market

Source: Mpls St Paul — 

If you’ve had your fingers crossed for a less crazy housing market, 2022 might be your year. 

COVID remains a wild card in the market, but Gary and Susan Wahman aren’t predicting any major surprises going into this year. Their main piece of advice is to act now as home values continue to increase.

“COVID has had a big impact. People are spending more time at home and wanting more space in their home, and people have been driven away from common living situations,” says Gary.

Buyers can expect less panic this year as new inventory comes on to the market. Gary predicts that people will start to return to downtown Minneapolis if COVID subsides later in the year, which should free up some of the inventory that wasn’t available last year.