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A 2021 Market Recap and 2022 Market Predictions


After becoming a Realtor® in 2002, AJ Hazzi noticed a gap in the real estate market...

After becoming a Realtor® in 2002, AJ Hazzi noticed a gap in the real estate market...

Jan 21 2 minutes read

Here’s a brief recap of the 2021 market and a look ahead to 2022.

Is this the year things finally collapse in real estate? Will we return to something more normal? Are we headed for a buyer’s market in 2022? We’re taking a closer look at all of these questions and more in this month’s edition of The Vantage Report, your expert analysis of the Central Okanagan real estate market.

Feel free to watch the full report, or use these timestamps to browse specific topics at your leisure:

0:01 — Introduction

0:25 — A recap of the 2021 market

2:05 — The reason behind our recent drop in sales and more 2021 numbers to know

4:05 — My 2022 market predictions

5:55 — What we know for sure about the 2022 market

6:38 — Wrapping up

Kelowna is still a killer place to call home, people will still come here to live, and attractive inventory is going to have buyers competing as long as interest rates remain low.

Next week, I’ll offer some tactical advice for buyers and sellers on how to deal with this changing market. If you have any questions about today’s topic or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

Market statistics are based on MLS® data as provided by the Association of Interior Realtors®.

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