Transitioning into the Fall Market: A Strategic Time to Sell Your Home in Natick

Transitioning into the Fall Market: A Strategic Time to Sell Your Home in Natick

As the summer months come to a close, the Natick real estate market is shifting gears, transitioning from the frenetic pace of summer to the more measured cadence of fall. This period of transition presents a unique opportunity for sellers, with a blend of favorable market conditions and motivated buyers.

Summer Market Recap
This spring and summer, Natick’s real estate market was incredibly active, with many properties receiving offers quickly and well over the list price. Although July and August saw a slight slowdown as many New Englanders took their vacations, the market is now stabilizing, setting the stage for a strong fall season.

Current Market Snapshot
As of now, there are 38 single-family properties on the market in Natick, with 32 properties having accepted offers and 76 sold in the last two months. This data indicates a strong market with a good balance of supply and demand.

Advantages of Selling During the Transition
Less Competition. With the summer rush winding down, there is less competition from other sellers, making it easier to stand out and attract potential buyers.

Motivated Buyers
Some missed out on the opportunity to purchase a home in the spring and summer months and are still interested in buying as the school year begins.

Market Trends to Keep in Mind
Housing Market Activity: compiling the last 3 months of single-family sales data in Natick, we see the median list price is $1,206,138, and the median sale price is $1,231,834. Homes are selling quickly, with an average of 15 days to receive and accept an offer and 28.5 days total on market. Well-priced homes are selling fast.

Buyer Demand
With interest rates and housing prices still relatively stable, many buyers are taking advantage of the current market conditions to make a purchase. According to Lesley Santini, Vice President of Mortgage Lending at Guaranteed Rate Affinity, “rates have gently declined in recent weeks to a nine-month low following a weak jobs report. Most forecasters expect 30-year fixed rates to stay in the mid 6% through this year. If you can make the numbers work today you may able to lock in a home without competing against more buyers later when rates drop. A September Fed rate cut remains likely.”

By listing your home during this transitionary period, you can take advantage of the motivated buyer pool and favorable market conditions. With the right pricing and marketing strategy, you can sell your home quickly and for a great price!

Staying informed and adapt-
able is key to success in this dynamic market. Keep up-to-date with the latest market trends and statistics: it’s always good to know the fair market value of your home. Reach out now for a
complimentary pricing and
market analysis.