Spring 2023 Housing Forecast: Buyer Activity SKYROCKETS in February

A forecast to the housing market for the Spring 2023. This data is based on MBS data that polls buyer activity in the US and what real estate agents are seeing in regards to buyer activity. Buyer demand is substantially higher in February 2023 than compared to November 2022 and January 2023.

Some interesting facts are that the number of price declines has slid back to historical levels and also housing inventory seems to keep dropping despite higher interest rates. Also the number of people who are looking to buy has caused multiple offers and homes selling in a short period of time is 5 times what it was in January 2023.

The forecast for the Spring is that prices will likely not change substantially, but housing activity will return to a more normal level, up from decade lows of buying.

If you are thinking of selling in Las Vegas please contact Oana or Todd below.

Todd Miller

Oana Miller

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