reno housing market forecast 2022

Just as fashion trends change and old styles become fresh and relevant, home trends do the same thing. From paint colors you can expect to see everywhere, plays on different textures, and popular uses for spaces in your home, let’s take a look at 2022 home design trends. You never know if one of these trends could spark some inspiration!

Color Collaborations

The two-tone color combinations you’ve seen gain popularity in kitchen renovations on HGTV are likely to stick around. Use the color wheel to find two colors that are either complementary or provide a nice contrast to allow each color to pop. It’s recommended that the darker color sits below eye level and the lighter color sits higher to create more visual interest without shrinking the feel of a space.

Outdoors Inside

With the increased time spent at home, many are finding ways to bring the outdoor elements inside with wallpapers, bedding, art, and accessories that remind them of plants, flowers, and exotic travel destinations. Colors found in nature are also being used a lot more in home designs. Earthy palettes will continue to be a prominent theme in 2022.

Upcycling Old Pieces

Some designs and furniture bring intense comfort and familiarity, but they don’t always fit a home’s style or needs. Recently, there has been a big push to reuse items in new ways. Marrying the modern with the traditional can come in several forms, like giving old pieces a new coat of paint or stain, reupholstering fabric, and even finding new uses for decor.

Abstract and Artsy

Abstract art and styles are becoming more popular and bringing comfort to a wider audience. As the world becomes filled with more information and individuals face more pressure or uncertainty, abstract pieces allow individuals to focus on how something makes them feel, connect with it in a new way, and escape the influx of words and noise happening inside their heads at any given time.

Sustainable

Eco-friendly materials are becoming increasingly important in homes. A wave of more sustainable textiles is being added to home design trends. Getting rid of some of the more harmful materials, like foam, which is being replaced by things like coconut hair, wool, and feathers, is a priority for designers, creators, and consumers.

2022 will bring some exciting home design trends and insights into the real estate market. If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

The past year and a half has brought all eyes to the real estate market. With inventory levels depleting quickly, days on the market shortening, and multiple offers coming in above asking price, the market was extremely competitive. Now that summer has come to an end, everyone’s asking, “is the housing market cooling?” Take a look at the real estate predictions for fall.

What are experts saying across the nation?

Over the course of the fall season, it’s expected that the real estate market will begin to cool across the nation. It’s also expected that we’ll be back to experiencing the normal seasonality of the market, with spring and summer bringing more homes and buyers to the market, while the fall and winter months will bring only serious buyers and sellers to make a transaction.

With the market cooling also comes more homes on the market and less competition as some may only have a moving window in the spring and summer months. Buyers will have more options to choose from in their price range, homes aren’t flying off the market as quickly as they’re put on, and seeing bidding wars between buyers for thousands of dollars above asking price is less common.

What are we actually seeing across Washoe County?

While we’d love to tell buyers that there has been an immediate cooling to the market, it’s still a very competitive market. The median sold price of homes in Washoe County in September 2021 was $537,750, an increase of 34.8% since September 2019, and it doesn’t look like home prices will be falling anytime soon. In September, the number of homes for sale decreased 48.3%, the number of homes sold decreased .9%, and the number of homes that went under contract increased 14.8% from this time two years ago. Inventory levels are holding at one month, which is a drastic change from the 3.4 months of inventory on the market in September 2019.

If September is any indication of what we should expect from the rest of the fall season, we may experience a slight cooling to the real estate market, but with inventory levels remaining low and demand still remaining high, it’s likely that Reno will be a hot market to watch in the coming months.

If you’re curious about the Reno real estate market and how it’s changing, contact the David Morris Group. We’re happy to be your Reno resource, and if you’re hoping to buy or sell a home in the coming months, we’re happy to help you navigate the fast-moving market. Give us a call at (775) 828-3292.

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2022 Home Design Trends