How is the Housing Market today?

The local South Shore Real Estate market is still hopping even though summer is quickly coming to a close.  Before you know it the kids will be back in school and the market will be slowing down!

According to several Real Estate experts the real estate markets already seems to have slowed down in many parts of the country.  First time homebuyers are not making as many purchases anymore, now at 28% down from 40%!   However the good news is that home inventory has risen, which is what we were hoping to see when the spring market was picking up!   What does that mean for the market overall?   This may drive up the home prices and make affordable housing options for many buyers out of reach! 

At the same time baby boomers are retiring and wanting to downsize their current larger homes.  However, potential homebuyers are just not in the market for these grand scale homes. 

Many potential home buyers see the current process of buying their first home as daunting!  The best advice is to seek the help of a professional realtor that can help ease the process!   

Where do you see the local South Shore Market?   Realtors and Potential Clients may see the market in very different ways!!