Hey, I’m Stephanie Saunders, and welcome to the Upside Downside Real Estate Report for June 2024. This month, we’re diving into the current market trends, highlighting key points for both buyers and sellers. Let’s get into it!

The Upside for Buyers

June 2024 brings a significant upside for buyers and I can’t believe I am saying this: there is a glut of inventory on the market here in Northern MA and Southern NH. If you’re not working with a Realtor® who is encouraging you to get out there and look at some houses, you’re missing out on great opportunities. More inventory means less competition for each property, and that translates to better deals for you. That’s right, deals!

The Downside for Buyers

However, there is always a downside to the current state of the market. Interest rates are still holding steady at 7%, which can impact your mortgage payments. But remember, the increased inventory means fewer bidding wars, so you might end up paying less overall for your new home. And paying LESS for a home is always cheaper than paying more for a home with a lower interest rate.

The Upside for Sellers

For sellers, this is a stunning time of year to put your home on the market. The trees are in full bloom, and everything looks lush and gorgeous, making your property more appealing to potential buyers. It’s the perfect time to showcase your home’s exterior and landscaping we all know you are so, so, SO proud of…

The Downside for Sellers

On the flip side, because the spring market is so attractive, there’s a lot of competition. Many homeowners are listing their properties now, which means your home needs to stand out more to attract buyers. And don’t forget price, price is the most important factor other than location. Buyer’s need to see and feel the value, or, they will take their money (offer) elsewhere.

Stay Informed

For even more details and to stay updated on the latest market trends, visit my website at sellyourhousewithsteph.com. Check back next month for another installment of the Upside Downside Real Estate Report.

Key Takeaways:

  • Buyers: Abundant inventory and reduced competition.
  • Sellers: Beautiful time to sell, but increased competition.
  • Interest Rates: Remain at 7%, impacting mortgage payments.

Stay tuned and stay informed to make the best real estate decisions! To chat one-one-one call 978-641-1114 or email [email protected]

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