Changes in the Market

Adjusting to the New Normal in the Real Estate Market: What Luxury Sellers Need to Know

The real estate market is shifting, and as a luxury seller, it’s essential to adjust your expectations to prepare for the new normal. Just yesterday, I met with a seller who was feeling anxious because their home had been on the market for over 90 days. This situation is becoming more common, especially for homes priced above $600,000.

If you’re in the luxury market, you may notice that homes are taking longer to sell. The days on market are consistently extending beyond the 90-day mark, and there are fewer buyers actively looking in this price range. However, there is some good news: while it may take longer to find the right buyer, home prices haven’t dropped significantly.

What does this mean for you as a seller? It means you need to prepare your home effectively and manage your expectations. Here are a few key steps to take:

  • Declutter: Make sure your home is clean and clutter-free. This helps potential buyers see the space and envision themselves living there.
  • Freshen Up: A fresh coat of paint and updated flooring can make a significant impact on how your home is perceived.
  • Stay Updated: Kitchens and bathrooms are often the deal-breakers for buyers. Ensure these areas are modern, functional, and appealing.

As the market becomes more competitive, having an experienced real estate agent by your side is crucial. I’m Steve Smith, the number one agent in Northern Indiana, and I’ve successfully navigated tough markets before. With the market taking longer to move, you’ll want an expert in your corner who understands how to position your home for success.

If you’re ready to sell, give me a call at 574-360-2569. Let’s get your home sold, even in this changing market.

Give me a call at 574-360-2569. Let’s talk about how we can navigate this market together and get your home sold for the best price.

Want to check out our available listings? Click here!

Interested in seeing more? Check out our other posts here!

Leave a Reply

Your email address will not be published. Required fields are marked *

Reach out today!

The Residences on Notre Dame Avenue

Have questions about a Showcase house? Contact us!

Five Corner Flats

Reserve Your Spot Now!

Please review the Reservation Agreement before submitting the form bellow.

Fill out the form below to start the reservation process. Once submitted you will receive an email with further instructions on how to submit your $10,000 refundable deposit. Your place in line has been reserved once payment is received.

*A $15.00 non-refundable Bank Fee applies to this transaction.

Five Corners Flats

Request More Information

Information Packet Request

Information Packet Request

Eddy Square Informational Packet