Over the weekend my phone was active with texts from clients about an article in the Boston Globe that stated many people are fleeing the city for suburban life. This of course, is what I have been observing all along and it made national news by the weekend. My guess, is that it's a trend we will see for a while.
We are busy and the pace of the market is brisk. However, I am starting to see a disconnect between buyers and sellers as they navigate the process. Buyers are very cautious in terms of price, inspections and wording of contracts. Sellers are not quite used to these complex emotions coming from buyers since it has been a sellers' market for so long. With the two parties seeing the process differently it can be difficult. As I have mentioned before, we are finding we need to work together and both sides need to be flexible to come up with resolutions that feel good to everyone. When the market settles and the world is more stable one way or another, I expect that both buyers and sellers will start understanding each other's position a bit better.
Have a great week! Stay well and be healthy.