South Shore Real Estate Update

 South Shore Real Estate Update

Is the recent spike in mortgage rates putting a damper on the local South Shore real estate market? Think again!

 Homes Priced Right =  Multiple Offers

 Buyers =  Waiving Contingencies

Even with mortgage rates climbing, homes that are priced accurately are thriving and often receiving several offers. Buyers are demonstrating significant enthusiasm and commitment, frequently waiving contingencies to secure their desired properties.

 Inventory Alert

Single-family housing inventory is significantly below the levels we saw in 2022. What's the impact on pricing? It's either holding steady or, in some scenarios, climbing even higher!

 Takeaway:

Strategic pricing remains crucial. A property pitched at the right price point will likely attract multiple bids, highlighting that serious buyers are still active and engaged in the market.

Stay tuned for more updates, and don't hesitate to reach out for a chat about navigating our unique market conditions. Whether you're buying, selling, or simply exploring, I'm here to help!