The South Shore real estate market remains strong despite challenges presented by Covid-19. According to Michelle Larnard, broker/owner of Michelle Larnard Real Estate Group, this trend will continue through the third quarter as the economy begins to open.
“Right now we are experiencing a high demand for homes in the South Shore market,” says Larnard, a 20-year industry veteran. “There are a lot of buyers and inventory is low, making this an ideal time to prepare your home and list it.”
In short, today’s market offers homeowners a unique selling opportunity. Key factors contributing to this include:
- Lack of inventory
- Abundance of buyers (particularly among Millennials)
- Low interest rates
- Prices that are holding steady
“While the current market is hot, we can’t predict what the economy will look like months from now,” says Larnard. “We tell our clients that if they are ready to make a move, we can help despite challenges presented by the pandemic.”
According to Larnard, doing business in 2020 is completely different. Because of Covid-19, steps to complete transactions have drastically changed. Client safety is critical at each step of the process.
“The housing market is never predictable,” says Larnard. “And today’s market challenges call for creative solutions. This makes it more important than ever to hire an experienced real estate professional who will help navigate clients throughout the process. Being successful for our team means following basic core foundations: staying on top of every detail, understanding the market, knowing local communities, and remaining flexible in the ever-changing environment.”