What’s real, and what’s exaggerated? Often, what we hear reflects a specific practitioner’s micro-market or their most recent experiences. Let’s take a step back and put things into perspective.
Residential real estate is, at its core, about providing homes and fostering happiness. While the investment aspect is a natural byproduct of ownership, one truth remains consistent: inventory is incredibly low, and new construction is not keeping pace with demand.
Sales have declined significantly compared to the COVID years, but it’s important to note that those years represented an anomaly of exceptionally high activity. When we compare 2024’s numbers to the period between 2016 and 2020—generally considered strong years—the current market aligns closely with those metrics. The primary drivers of reduced sales are rising interest rates and the 20% to 40% inflation experienced over the past 5–8 years. These factors have made homeownership less attainable for many buyers. While this poses challenges for prospective buyers, it also benefits current homeowners by bolstering the value of their properties.
Ultimately, whether it’s a good time to make a move depends on your unique situation and local market conditions. At our brokerage, we leverage decades of combined experience and deep market expertise to help clients navigate these complex decisions. Our team of seasoned professionals takes the time to understand your goals, evaluate your circumstances, and provide you with tailored guidance and actionable options.
We are committed to equipping you with the clarity and confidence needed to make the best decision for your specific needs. If you’re ready to explore your options, please reach out to schedule a consultation with your ELEETE advisor. We’re here to help you make informed decisions with confidence.
