Real Estate Market Update

Real Estate Market Update

The real estate market is constantly changing, and one of the biggest shifts we’re seeing is not necessarily that buyers have stopped buying it’s that they are becoming more selective about what they are willing to buy.

For several years, buyers often felt enormous pressure to move quickly. Competition was intense, inventory was limited, and when the right property appeared, there wasn’t always time to worry about every cosmetic detail.

Today, buyers are looking a little more closely.

They’re comparing monthly payments, neighborhoods, layouts, property condition, future resale value, and how much additional money they may need to invest after closing.

At the same time, many sellers are hearing that buyers want completely updated, move-in-ready homes.

There’s just one problem:

Not every seller can afford to renovate their house before putting it on the market.

On a recent episode of Talk Real Estate Roundtable, Melissa Wallace sat down with Boston Connect Real Estate agent Susan Bollinger to discuss what they are seeing in the current South Shore real estate market—and why buyers and sellers may need to meet somewhere in the middle.

Buyers Have More Time to Think About the Details

During the height of the competitive market, buyers often had to make decisions quickly.

A home was available, it fit the general criteria, and if they wanted an opportunity to own it, they needed to act.