Being a successful real estate agent means adapting to changing market conditions and constantly updating your approach, so you can offer the best services possible to home buyers and sellers alike. As the market evolves, the strategies and techniques that worked last year may not be effective in the future, so it pays to keep your finger on the pulse of the industry and be aware of trends before they happen. Below are a few developments to look out for in 2018.

Notable Real Estate Trends for the Coming Year

1. Supply Meeting Demand

For the last couple of years, real estate markets across the country have been defined by a housing shortage, caused by slow building and baby boomers staying in their homes. In the latter part of 2018, aggressive development activity by builders should start to relieve the deficit, although it will still be a seller’s market in many areas.

2. More Rental Activity

Airbnb and similar services make it easy for homeowners to generate extra cash with short-term rentals, so expect more people to be interested in larger properties. In some areas, the added income potential can be an effective selling point if you’re marketing a house with a lot of rooms or detached apartment.

3. Interest in Tiny Homes

While the higher-end housing market should start to loosen up next year, buyers looking for more affordable options will still have limited choice. The trend of moving into smaller living spaces seems to be sticking, especially in densely populated areas, so expect to see more interest in those properties in the future.

Whether you’re new to real estate or have been in the business for years, EXIT Realty Nexus in Coon Rapids, MN, provides an innovative approach and career opportunities you won’t find anywhere else. Every agent and broker receives the best training in the industry, so you’ll be ready for anything the ever-changing market throws your way. Visit their website to learn more about how EXIT can unlock your potential, get more tips on Facebook, or call (612) 281-1033 to discuss your future today.