The Current Status on Housing Supply and Demand

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For the past couple of years there has been a significant imbalance between high buyer demand and lower levels of housing inventory. This discrepancy had pushed buyer competition to a whole new point of bidding wars. However, these days we are seeing things shift which is changing the landscape.

This year we have seen mortgage rates increase along with some economic uncertainty which has eased buyer demand. According to data from ShowingTime, showings have softened by 12% at this time compared to last year showing us a trend in buyer demand. We also can study some data from Realtor.com which is telling us that the number of active listings this year is up by 27% compared to last year. The cooling of buyer demand has ultimately indicated that it has allowed for inventory to increase.

The Outlook for Buyers

What this means for buyers is that you will have less competition and perhaps an easier time buying a home than last year. There should be more housing stock to choose from and this also should mean you as a buyer could also have more negotiating power. Each market is going to be different which is why your trusted real estate professionals such as myself can direct you best for market nuances.

The Outlook for Sellers

What this means for sellers is that there may be more competition when you list your home for sale, but inventory is still on the slim end. Pricing your home these days is a slightly different strategy than what it was maybe a year ago. Once again a local real estate professional will be able to guide you best on reading the current market value of your home in today’s conditions. Putting your home up for sale at the appropriate amount for today’s market will still result in a sale where there is such a great buyer demand out there.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.