StreetEasy spokesperson Casey Roberts expects more listings to pop up. Sellers are increasingly becoming motivated to list their homes as prices continue to rise. This market shift also signals that we’re returning to traditional selling patterns impacted by seasonality, which we haven’t seen since pre-COVID.

Two other noteworthy items regarding the market—according to Brown Harris Stevens CEO Bess Freedman (in an interview with Inman), buyers are gravitating toward new developments, opting for a “turn-key” home versus one requiring renovation. There also appears to be an uptick in millennial buyers who are shifting priorities and committing to buying a home as work-from-home remains an option, albeit part of a hybrid-model, for many companies.

It’s quite interesting to see the shift in market dynamics, specifically buyer behavior and tendencies, that are a result of a global pandemic that literally changed the way we live. We shall see if this is short-term or something that sticks around for a long while.

I’ll wrap today’s email with a bit of good news for Brown Harris Stevens, which was just ranked in the Top 10 of RisMedia's 2022 Power Broker Report. I’m very proud to be a part of this firm, and I hope you will consider us to represent you when you’re ready to buy or sell.