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s we enter 2025, it's an ideal time for Greenwich residents to reassess their real estate needs and make informed decisions about buying or selling a property. Despite the market's resilience, there are opportunities for growth in the upcoming year.
Currently, Greenwich is considered a seller's market with 89 single-family homes actively listed on MLS, up from 84 at the same time last year. Several factors could contribute to an increase in inventory:
* Interest rate reduction: As inflation slows and interest rates stabilize, more homeowners may feel confident about listing their properties.
* Pent-up demand: With historically high interest rates deterring sellers in 2023, a shift towards more favorable rates is expected to encourage more listings.
* Seasonal trends: Winter and early summer typically see an uptick in listings, which we anticipate will continue this year.
Whether you're buying or selling, now's the time to review your real estate goals and strategize for the year ahead. Buyers should be prepared to act quickly, consider expanding search criteria, and stay informed about market trends. Sellers should be aware of low inventory but high buyer expectations, with accurate pricing being a key factor in successful listings.
As a local expert, I'm here to help answer any questions you may have and guide you through the Greenwich market to make the best-informed decision. For the latest information on new listings, open houses, sales, and MLS data, visit my website or contact me directly.
Contact Stefanie Lacoff at 203-536-9403 or [email protected] for assistance with buying or selling a home in Greenwich or worldwide. Visit stefanielacoff.bhhsneproperties.com for more information.
