Moving house is always a huge decision, but in many cases, it’s not easy to understand how trends influence house moves.
With this thought in mind, today, we’re looking at some of the key house-moving trends you need to know to help. After all, a great deal of the modern housing market is controlled by trends, and keeping on top of these could help make your own house move or sale easier.
Common House Moving Trends for 2023
As we head into 2023, we’re finally beginning to wave goodbye to the trends set in motion by the Covid-19 pandemic. But, of course, these old trends haven’t necessarily gone for good, and in many cases, they’ve simply evolved into exciting new opportunities for buyers and sellers alike.
With this thought in mind, when looking at your own real estate activities,
#1 Prices will Remain Elevated
House prices spiked during the Covid-19 pandemic, with more and more people looking for ways to get a change of scenery.
This is something that is unlikely to change drastically any time soon according to OECD Data. But, with that being said, it’s well worth keeping in mind that prices will likely stabilize this year, with markets finally beginning to become more affordable for house buyers accordingly.
While it seems likely that prices will stay high for quite a while, buyers can find new opportunities in the real estate field. As such, the number of people planning to move house in 2023 and beyond may well increase.
#2 Moving Back Into Suburban Landscapes
With the pandemic, one of the biggest trends that we saw was people moving to rural landscapes, often to help ease the oppression of social restrictions and reduce the risks of contracting Covid-19. However, with the disease now feeling much more like a “part of life” than it did in the past, people are beginning to learn how to live with Covid.
And as a result, it’s perhaps unsurprising that more and more people are also moving back to suburban neighborhoods now the risk seems to have fallen. This largely means that homes are getting less and less common in suburban neighborhoods but significantly more so in less built-up areas.
#3 Flats and Apartments Return to the Limelight
During the pandemic, we all found ourselves cooped up at home. For people who had large homes and plenty of land, this wasn’t much of a problem. However, it quickly began to get old for individuals living in flats and apartments. And as a result of this, it’s no surprise that the demand for such properties fell sharply.
Now, however, things are largely returning to normal. In line with this, the demand for flats and apartments is also beginning to recover, with more people feeling confident to trade off comfort for value once more.
#4 Video Documenting the Move
Another common trend that’s rapidly taking the world by storm in this day and age is the trend toward videoing everything.
Having a video record of a house move can offer countless key benefits. It helps make stock checking and inventory management easier than ever; it can also help protect renters and landlords alike, giving a clear before and after into the property. Finally, it’s well worth considering that video recording a property also makes house viewings significantly easier; now, traditional open house models are rarely needed, as buyers can clearly understand a property from the comfort of their current home.
#5 Temporary Moves Become More Common
Many people have already moved houses during the pandemic. Still, that isn’t stopping people from looking for new opportunities. With that being said, it’s very important to recognize here that, despite people moving more often during the pandemic, these moves are unlikely to be long-term homes.
The turbulence of the pandemic has often meant that these moves have been completed quickly as a means to get away from suburban locations. As such, many people have struggled to fully settle into their new homes.
In line with this, it is perhaps unsurprising that 2023 may begin to see a rise in the number of people moving again after already moving during the Covid Lockdowns themselves. This growing prevalence of temporary house hopping is something we don’t usually see in the market, but it’s undoubtedly becoming more common as time goes by. In fact, around 26% more people have moved on a temporary basis alone compared to normal.
#6 Long-Distance Moves Becoming More Common
One of the biggest trends we have seen in the house moving market for 2023 is the tendency to move further away.
While many of the “biggest” moves largely occurred during the pandemic, more and more people are embracing the idea of fully moving away to a new area entirely, thanks to the rise in remote work.
With more and more people choosing to work from home rather than working in an office, the ability to move further away has suddenly arisen, fortunately there are long distance companies such as AA CITY, ZOOM Removalists Sydney and Men That Move to name a few.
While this trend spiked during the pandemic, there’s no doubt that it’s still playing a big impact on how we live and work – and, critically, how far we search for our dream home.
#7 Increasing Automation
As a final trend to watch out for when moving in 2023, it’s well worth keeping in mind that automation will probably continue to play an ever-bigger role. Of course, this is true across all industries – not just real estate.
Still, with more and more people looking to move house and automated systems rapidly becoming increasingly advanced, it’s no surprise that this is becoming increasingly popular as a result.
Final Thoughts
While we often recognize that trends, such as fashion, influence certain activities, it’s often easy to forget that this can also highly influence the housing market.
With this thought in mind, whether you’re looking to buy a new house or sell your home, keeping an eye on the current trends is highly worthwhile.
Luckily, we’ve outlined some of the main trends you should know for 2023 today to help! Hopefully, this will allow your net real estate transaction to go smoothly, too.
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