2021 is fast coming to a close. It is risky business predicting the future and even more so when predicting “residential real estate”. Why do I say that? Could we ever imagine a virus that would shut down businesses, keep people at home, no in-person schools and with all that, a really hot real estate market! To say the least, these last two years have been extremely unusual. I don’t think anyone could have predicted how all this would shake out, especially me, and I have sold real estate in some unusual times. However, I think this one was the most unusual and unexpected.

The big issues in the market have been low inventory of homes both new construction and resale homes, multiple offers, not only multiple offers but multiple offers way above list price. Shortage of building materials for new construction homes and labor shortages caused longer build times and uncertainty on what the final price of the new home would be at closing. Days on market were almost non-existent due to homes be taken off the market right away. Frustrated homebuyers who did not have a large selection of homes to choose from and then once they found one, they might be out bid for the home. Realtors were working overtime to help both buyers and sellers at finding or selling homes. It has been a very unique time.

2022 is almost here! Developers are looking for land continuously to sell lots to builders. Builders are still fighting shortages but have seemed to get a better grip on their quote times. Labor is still an issue but this has been an issue even before the pandemic. In the New Year we will see builders continue to quote longer lead times on finishing homes. Builder lumber prices have come down and other items will also come down in 2022 helping home prices to stabilize on these types of homes. Re-sale homes were and are in short supply over the past two years. We will see this area improving but not until later in the year. Inventory of homes should start improve in late March and further into the new year. Prices of new construction homes will come back to the norm after the first quarter of 2022. Re-sale homes have started to show a move back to the mean or should I say, normal increase range. Offers for homes will move back to 100% of list prices if homes are being priced to sell and we could even see the offers move back to 99.0% of list price or less depending on the increase of inventory and demand. Employment is the driver of home sales and our Texas economy looks very strong coming into 2022. The national economy is the “wild card”. However, with that said, based on what we are seeing it looks like U.S. is seeing a fairly strong recovery.

The DeBerry Team is very positive on the dynamics we are witnessing in real estate. Our state has been a big draw for those wishing to move out of high tax states and into states with less restrictions. The DeBerry Team networks with top agents around the country to assist their clients who are selling their homes in those areas and moving to the North Dallas/Collin County area. People relocating to our area was one of our top areas in sales past year. Our number one area of sales has consistently been our Past Clients moving and referring our team new clients. We are so proud to always be of service to them, their families, work associates and friends. We can’t thank them enough for using and referring our services over and over again.

2022 will be a year of transition. We all will be moving out of the confusion and concerns of this past year and move slowly back to the normal cycles of real estate. My team and I are excited about the up-and-coming New Year and we look forward to serving those who need our services.


Merry Christmas & Happy New Year! 

Roxanne DeBerry-Realtor

The DeBerry Team

Keller Williams Realty


Posted by Roxanne DeBerry on


Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.