South Shore, MA Real Estate
The 2020 real estate market was one for the record books. The year began with unprecedented uncertainty due to COVID19 and the unknown risks associated with this pandemic. Most analysts predicted a slow spring market followed by brisk fall sales. What happened surprised even the most seasoned real estate professionals. As more people remained home, lifestyle requirements shifted. Buyers wanted properties which included home offices, outside spaces, and additional room for stay-at-home activities. At the same time, sellers became hesitant to sell given such uncertain times. The upshot was a classic supply and demand scenario with more buyers than sellers. Low inventory and high buyer demand drove prices higher which precipitated fewer days on market. In addition, a higher number of buyers from outside of the South Shore were looking to move into the area. The year ended with record sales for Michelle Larnard Real Estate Group and a significant number of satisfied clients.
What does the 2021 market look like? The first quarter continues to bear out low inventory and high demand. We expect this will continue until sellers feel secure enough to sell.
- Sellers: For those who are thinking of selling, we believe this is the ideal time to list your property. Given the high demand from buyers, we will work with you to help them prepare their homes to achieve the highest price and smoothest transaction.
- Buyers: Now is an ideal time to buy as interest rates remain extremely low. The challenge however is to find and purchase your dream home. This is where our team will help. We work closely with our clients to find homes and position them as qualified buyers to achieve accepted offers.
Contact us for a market analysis on your home, community information, and market specific reports.
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* Data based on MLSPIN statistical reports.