Real Estate Predictions 2023: What Could Cause Home Prices to Rise?

Home prices could rise in 2023 if both inventory continues to fall and cash buyers seize the opportunity to buy homes. Home prices are down from the highs of May 2022 and with interest rates declining it could be a better time to buy than last year.

While full year of over year home prices are up for 2022, they have dropped since the spring and the forecast would be that they continue to drop into the spring of 2023. Lower than normal inventory could reverse this trend and cause home prices to start rising again at some point next year or even into 2024.

Todd and Oana are real estate brokers in Las Vegas and have combined for over 3,000 home sales in the Las Vegas real estate market.If you are interested in selling your home in Las Vegas please contact us.

Todd Miller

Oana Miller

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