Fall Market Activity
Shows Signs of Continuing into the Holiday Season
The weather recently has given us a much-deserved extended
Summer season. And while the holiday
season is upon us, the real estate market continues to be active with showings
and some new listings coming to market. While
everyone is anxious to break out their fall sweaters and boots, the prolonged
activity is due to more than just the weather.
Compared to last fall, there are buyers in search of a home presently
that see the value in buying “off-season” – less competition, more time to look
and consider the options and take advantage of the current interest rates. What
does this mean for you? It means a couple of things:
If you are ready to buy, there are still hundreds of single
family houses available for sale on the South Shore. The graph below
demonstrates the number of single family homes that are still on the market as
of October 27th with prices up to $800K. In general, if people are selling in the fall,
they want to have sold by the holidays, so the buyer is in a good position to
find a good value that might not be available in the spring market.
Single Family Homes Active on the Market
Source: MLSPIN
If you are looking, but not ready to buy just yet, this is a
great time to get educated. When it comes time to purchase your new home, you
will want to know as much about the town and the various neighborhoods within
the town. Take this time to view different houses to better understand what you
are looking for, so when the spring market starts you are in a good position to
move on a house that you want. Millennial buyers value their ability to
research the market and get to know it well enough so that they can make the
best decision possible when buying a home.
Now is the time to invest in learning about the inventory – that “right
property” may be out there today. The
more you learn about the market, the better attuned you’ll become in knowing
when an opportunity is presented before you.
Don’t miss out on this opportunity to get to know the South
Shore Market. As a Millennial who has purchased, sold and purchased again and
as a Realtor who works with buyers for a living, I can help you learn more
about the market and effectively position you for your upcoming purchase. I welcome you to give me or my Team at Grand
Gables a call to learn how we can help you.
Posted by: Zoe Murray Lindemuth
Since working at Grand
Gables, Zoe has been involved in over $7million in sales of real estate in the
South Shore and Boston area. Having grown up in Cohasset and attended
Tabor Academy, Zoe has an in-depth understanding of South Shore and South Coast
real estate. She graduated from Villanova University in 2008. At both Tabor and
Villanova, Zoe was an avid tennis player. Zoe now lives in the coastal
community of Duxbury, MA with her husband, baby daughter and chocolate
lab.