You Can Expect an Imbalance in The Real Estate Market. Predicts a 2022 ThreeBestRated Award-Winning Realtor from Victoria

With the new year comes new changes and challenges. Especially when you are in a business, you need to be aware of the market trends because there will be a change in every quarter of the year. It applies to all sectors. Likewise, the real estate market is not an exception to this change. The housing market is in itself volatile in nature. It is imperative to have a look at how the market will behave in 2022, given the prevailing COVID situation.

So, How the real estate market is expected to behave in 2022?

We placed this question in front of Ron Neal, an industry expert, to throw some light on it. Ron Neal is a 2022 ThreeBestRated® award-winning Real Estate Agent in Victoria, British Columbia.

“The market continues to be imbalanced with a critical shortage of listings for sale and demand outstripping supply.”, Says Ron. He continues to describe the market by saying, “As more and more people choose to relocate to our area, we expect this to continue applying upward pressure on prices until either supply increases or demand diminishes. It may take an act of government with a significant policy change or a rise in interest rates to get us back to a more balanced market.”

From Ron’s words, we could comprehend market psychology. It will help us make effective decisions on investments, buying or selling, etc. Also, let us hope the market turns back to its equilibrium state soon.

Ron Neal’s life as a Realtor® at a glance:

It all started in 1991 when Ron decided to launch a career in the property market. It always came to Ron’s mind that this was more than just about selling properties. He worked with the same consciousness throughout these years to help thousands of families to make their homes in Victoria. That also helped him build a vast client base. Ron huddled with like-minded realtors to start The Neal Real Estate Team. It is now among the most sought-after real estate firms in the city.

It is no wonder Ron Neal has been honoured with the prestigious ThreeBestRated® award more than four times in a row. He is pleased to know that he again made it to the list in 2022. “I am proud of our team being listed as one of Victoria and Vancouver Island’s Three Best Rated Agents. We take great pride in our absolute commitment to providing our clients with a world-class real estate experience.”, says Ron.

Ron and his team are determined to help their clients get exceptional value for their property in Victoria and Vancouver Island’s real estate market. Their clients describe them as professional, empathetic, and kind agents in the industry. They praise them as everything you hope to find in a real estate professional; in a real estate team. In 2022, Ron and his team are hoping to continue and expand their mission to provide their clients with the best possible world-class real estate experience. And also to give back to support their community.

To get in touch with them, visit – https://www.ronneal.com/.

About ThreeBestRated®

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