Buying and Selling Properties on Winnipesaukee November 3, 2024

What Will the 2025 Summer Selling Season Bring?

As always, the  BIG question everyone has is “How is the Market going to be next summer?”

It was SUCH a HOT market just a few years ago, but we have learned that predictions are nearly impossible.  Who would have guessed that Real Estate would have been so strong in years marred by a pandemic?  And slowed to a crawl mid summer 2024?

There are some cautions this year.  Interest rates are wtill high.  The stock market has left the highs that it enjoyed several months ago.  Gas prices are doubled (and in this seasonal market, people drive to get here!).  And people are worried about the economy going forward.

I think the market will stay slow—which isnot terrible.  No bidding wars and unrealistic offers.  No multiple offers at the first Open House.  A more balanced buyer/seller ratio will help both sides make clear decisions on what to do next. And a rational market is a good market.

Expect to see Days on Markets continue to increase to a more balanced 90- 120 day level.   And expect that houses will sell for at or under asking price.

But, as with all predictions, we’ll know after the season is over!  It’s November….We’ll take a looknext spring!