Looking forward in 2021 - Market Prediction

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Real Estate

As we launch into the 2nd half of the year what has changed?

The real estate market continues to see record low interest rates which is undoubtedly driving some of the buying activity. Very low inventory in 2019 and 2020 created pent-up demand in 2021 leading to more than "normal" activity. These two main factors coupled with the massive increase in inventory in the 2nd Quarter of 2021 has added to the incredible level of activity. If you are a buyer in this market you have probably made offers on a few properties before getting an offer accepted. Some of the agents I have talked to about this have mentioned 8-10 offers for each client. 

Prediction of 3rd Quarter 2021

Activity is definitely slowing. Most agents report fewer people at open houses, fewer multiple offers and offers closer to asking price in the past 3 weeks.

If you are thinking of selling your property Price is the most important consideration. Price it right to attract the best buyers. Remember, price is acid to the value of a home.

People move 12 months of the year, if you are asking is it the best time to sell my house, the answer is the best time is when you want to move. The difference between this year and next year, is we know what is happening this year, we don't know what next year will bring. Take 2020 as the best example. Who knew we would all voluntarily stay home for over a year!

 - Market Insider data - for access to sales data by town.

Debi Hauer, Realtor
Debi Luxury Homes
781-783-2963