For so many reasons, homeowners are rethinking where they need to live and what spaces they need in a home. Whether it’s down the street, across the country, or somewhere in between, people are on the move. So where are they going, and why? This article from Bloomberg gives us insight into the migration patterns that have occurred over the past year.
Back at home, we are seeing a unique spring market unlike any other in recent history. Low inventory levels coupled with sky-high demand have driven our median sale prices to historic levels in our core markets. The demand is coming from typical sources (buyers moving from city to suburbs) but also from homeowners who have re-thought where and how they live since the beginning of the pandemic. We also continue to see homeowners that would like to downsize and sell their larger homes, but struggle to find options for that move as well. Our group has been working hard this spring to help both buyer and seller clients navigate this challenging market- no easy task, for sure!
No matter where or when you may be planning a move, The Shanahan Group can help. By expanding our reach beyond our core communities with our HOMECOMING program, we have been able to cultivate strong relationships with real estate colleagues across the country to help us understand these trends and to be a resource for our clients moving out of our area.
Reach out anytime to understand what today’s market means for your family’s needs and plans for the future.