2017 Fall Market Activity Shows Signs of Continuing Strong into the Upcoming 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 27, 2017 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
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.