This is one of the strongest sellers' markets we've seen in 18 years. There is still a low supply of homes for sale in Westport and surrounding communities. However in recent weeks the demand for homes has softened. Especially in the above $600,000 price range.
Sellers can still benefit from more offers to pick from and higher home values. There are less buyers yet still we are seeing at least 2-3 offers and more on properties, months ago we were receiving over a dozen offers on 1 home and many over asking for a home priced at market value. Over priced homes are sitting on the market yet when their price is reduced, they tend to receive multiple offers.
The sales process has been taking a bit longer, Lenders are being more particular and requiring additional items and paperwork and the work shortage is affecting sales time lines when repairs are needed.
We are still seeing an influx of buyers from the Boston area,. Safe Harbor Realty’s extensive online and in print marketing reaches the local community Plus Boston, Cape Cod, Newport and Providence area. Giving Safe Harbor Realty a quicker time frame getting properties under agreement, usually within a week or 2. While keeping home sellers and buyers safe during showings and inspections.
Every property is different and requires it own specialized marketing plan. Contact Karen Martin at 774-930-8181 anytime for a no cost property Valuation and Top Dollar Sales Report.