You found the latest edition of my UPSIDE/DOWNSIDE Real Estate Report, where we break down the current market trends in the Greater Boston Area of Massachusetts and New Hampshire.
The Buyer’s Landscape: A Silver Lining Amidst Rising Rates
UPSIDE: For savvy homebuyers out there, the current real estate market presents a unique opportunity. With interest rates causing many to hesitate, you’re likely to face less competition when you’re ready to make your move. This means your offers have a stronger chance of winning your dream home.
DOWNSIDE: However, it’s not all smooth sailing. We experienced a fleeting moment last month when interest rates tantalizingly dipped close to 6%, only to climb back up to around 7%. This fluctuation underscores the importance of staying informed and ready to act when the moment is right.
The Seller’s Advantage: Scarcity Meets Demand
UPSIDE: Sellers, the market is primed for you to win as the persistently low inventory means your property remains in high demand.. Not all buyers are deterred by the interest rate climate, and there’s a solid pool of cash buyers and others for whom the perfect home outweighs the extra costs.
DOWNSIDE: Despite the seasonal lull in curb appeal, with bare trees and dormant gardens, its the most, ugliest time of the year to photography your property. Don’t let the gloomy weather dampen your plans; spring blooms are just around the corner, offering a natural stage for your home’s beauty. So start preparing by scheduling a call with myself and my team to make a plan, schedule future photos, and beat the rush in the spring by being first to market when skies are sunny once again.
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Considering a home sale? Check out my SELLER MASTERY PROGRAM™, a bespoke selling strategy combining digital media finesse, social media savvy, and a dash of marketing wizardry to ensure your home is positioned for success in todays marketplace.
Stay tuned for next month’s edition, where we’ll continue to navigate the ebbs and flows of real estate together, ensuring you’re always a step ahead. -Steph
