Beverly Meola, REALTOR, GRI, CBR, PSA
  • Home
  • Sellers
    • Seller Questionnaire
    • WhatsMyHomeWorth?
  • Market Reports
  • Buyers
    • Buyer Questionnaire
    • Search Listings
    • Featured Listings >
      • 14 Sartelle St
      • 8-8TuckFarmRd
    • Neighborhood Information >
      • West Boylston MA
      • Holden, MA
  • Blog
  • About

223 Malden St - New Price

10/15/2018

Comments

 

Now Offered at $499,900

Picture
Learn More
Comments

Are We About to Enter a Buyer's Market?

10/4/2018

Comments

 
Picture
Nationally, home sales are below last year’s levels, home values are appreciating at a slower pace, and locally we are seeing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

The market has definitely softened. We've seen Price Changes occurring our local market since the Late Spring/Early Summer market. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:

Dr. Svenja Gudell, Zillow Chief Economist:
“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”

Danielle Hale, Chief Economist of realtor.com:
“The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.”

In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:

“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”

​Only 5% said the market has already shifted. Here are the rest of the survey results:
Picture
Bottom Line
The market is making it's way to normalization but that doesn't mean we will quickly shift to a market favoring the buyer.  Inventory has still not caught up but demand is weakening slightly.

Ivy Zelman, author of the well-repsected "'Z 'Report, best explained the current confusion:
​“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.
In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”

Comments

    Categories

    All
    Buyers
    Market Update
    Millennials
    Sellers
    Seller Tips
    Tips For Homeowners

    Archives

    October 2021
    July 2021
    April 2021
    March 2021
    February 2021
    December 2020
    September 2020
    August 2020
    July 2020
    April 2020
    March 2020
    February 2020
    January 2020
    November 2019
    October 2019
    September 2019
    May 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    November 2017
    September 2017
    August 2017
    June 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016

    RSS Feed

Susan Meola Properties, Inc.
Susan Meola Properties, Inc. | 97 Worcester Street | West Boylston, MA | (508) 835-8030
Licensed in the Commonwealth of Massachusetts
Privacy Policy
Picture
Picture
Photo used under Creative Commons from France1978
  • Home
  • Sellers
    • Seller Questionnaire
    • WhatsMyHomeWorth?
  • Market Reports
  • Buyers
    • Buyer Questionnaire
    • Search Listings
    • Featured Listings >
      • 14 Sartelle St
      • 8-8TuckFarmRd
    • Neighborhood Information >
      • West Boylston MA
      • Holden, MA
  • Blog
  • About