The 2024 market is normalizing, but prices and interest rates remain elevated. What’s to come?
The data collected for 13 of the region’s communities reveals price growth in many areas and seller’s markets in most of the areas analyzed. The fourth quarter is typically a slower period for real estate activity, with many sellers and buyers deferring their plans to enjoy the holiday season and prepare to hit the ground running in the new year. However, this report reveals that many buyers were motivated to make their purchases during the fourth quarter, rather than waiting for 2025 or the historically busy spring selling season. Although it continues to be a seller's market, prospective buyers are adopting a more deliberate approach, investing additional time in thoughtful decision-making.
In this dynamic setting, having a Realogics Sotheby’s International Realty global real estate advisor by your side ensures that you benefit from the highest level of expertise and guidance, ultimately leading to optimal outcomes in today’s real estate market.
To take advantage of the changing market as we begin 2025, start by reading the market trends in your area.