The U.S. entered 2021 with pandemic fatigue, though it hadn’t – and still hasn’t – slowed down homebuyer activity. The first months of the year have seen rapid growth in home prices as low inventory of houses on the market combined with high buyer demand creates fierce competition in suburban areas and medium-to-small metro areas across the country.
Looking forward to late spring and summer, the fast rollout of COVID-19 vaccines is making many hopeful that an end to the pandemic is in sight. But some housing market trends caused by the pandemic are expected to continue.
In summer 2021, here are a few trends shaping up for the housing market: