The real estate market constantly shifts between favoring buyers and sellers. Understanding where the market stands can help you make smarter decisions when buying or selling a home. Let’s explore these market types, what they mean for you, and where we stand today.
Buyer’s Market vs. Seller’s Market: What’s the Difference?
- Buyer’s Market: There are more homes for sale than buyers. Prices tend to drop, and buyers have more room to negotiate.
- Seller’s Market: There are more buyers than homes available. Prices rise, and sellers often receive multiple offers.
Where Are We Now? (January 2025)
- Nationwide Trends: Fall 2024 was marked by a strong seller’s market due to low inventory and high demand.
- Greater Boston Market: As of January 2025, we are transitioning toward a more balanced market, with an absorption rate of 3.8 months. This means inventory is increasing slightly, giving buyers more options while still favoring sellers.
What This Means for You
- For Buyers: Slightly more inventory may mean less competition and more room for negotiation.
- For Sellers: Pricing your home correctly remains crucial as buyers have more options.
Let’s Navigate the Market Together
Whether you’re buying or selling, understanding the market dynamics is essential. I’ll provide insights tailored to your situation, ensuring you’re positioned for success.
Let’s chat about your goals and how to navigate today’s market—connect with Danielle Dimond Real Estate today, or use this link to book a consultation or call us directly! :)