The Latest Pulse of the Market
Welcome back to the heartbeat of New England’s property scene—I’m Steph Saunders with Key Team at Compass, delivering your monthly dose of the Upside Downside Real Estate Report. If you’re navigating the dynamic waters of the Southern New Hampshire or Northern Massachusetts real estate markets, you’re in for some timely insights. 🍁🏡
Buyers: The Market’s Shifting in Your Favor 📉
The Upside: Good news on the horizon! Interest rates, which were nudging the 8.6% mark, have begun to retreat back down around 7%. This easing of rates could be the silver lining you’ve been waiting for, combined with a welcomed increase in home inventory. Hope is in the air for buyers looking to make their move.
The Downside: However, it’s crunch time! This market dip won’t last forever—it mirrors last year’s trends, signaling a shrinking window of opportunity. Right now, you’re in a sweet spot to snag a deal without the pressure of a crowd. Don’t let this moment slip through your fingers!
Sellers: Your Home, Their Dream 🌟
The Upside: Sellers, breathe easy. The current inventory bump doesn’t overshadow the fact that there’s still more room for homes like yours. You have the chance to make your property the coveted prize of your neighborhood—a chance to stand out and shine.
The Downside: Yet, a word of caution against the winds of overpricing. While it’s tempting to aim high, remember that a price tag that’s $50,000+ over market value might just anchor your property instead of sail it off the market. Avoid the trap that could leave your home lingering without serious offers.
Your Tailored Real Estate Strategy Awaits 🗝️
Every neighborhood has its own story, every home its unique pitch. For a bespoke narrative that fits your real estate aspirations like a glove, reach out. Whether you’re a buyer seeking a new place to call home, or a seller thinking of bringing your home to market while inventory is still low, I’m here to craft the best strategy for you.
Dive deeper into the market specifics or get the ball rolling on your buying or selling journey. I’m just a message away. Connect with me at Sell Your House with Steph, and let’s begin the next chapter of your real estate adventure together.
Until our next update, remember, in real estate, timing is not just something—it’s everything.
Here’s to finding your place or placing your home on the market at just the right time!
Happy Holidays,
Steph Saunders
Key Team at Compass
M: 978.641.1114
