It’s tempting to believe that it just takes longer to sell a Boston condo now. It’s brought on by the common thought among a few Beacon Hill condo sellers; “Heck, I’m in no rush, I don’t need to sell, and I’m not giving it away!”
This is especially true for the higher-end homes.
I’ll never forget the Boston condo for sale agent a few years back who mentioned that her listing was having its 1-year anniversary, and she spoke about it with pride, like it was her child having their first birthday. But we’ve been hired to sell the home, not just stay busy with showing it forever.
There is a fact about real estate sales in every market, everywhere:
The home that is the best buy in the marketplace will be the next one to sell. The reason your home isn’t selling is because the other homes for sale are offering a better value.
In a market that is trending upward, you can put a higher price on it and some day the market will come up to meet it – eventually the future sellers will price their home higher than yours, and finally make your home the best buy in the marketplace.
However, we’re in a Beacon Hill condo for sale market that is on a possible downward trend for 2023.
If you’re a Beacon Hill condo seller thinking of listing your property, remember, I get paid to sell Beacon Hill condos, not to list them