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- Tuesday Lowdown, issue no. 7
Tuesday Lowdown, issue no. 7
Michael Wrabel
February 11, 2025
Snow and ice… They always bring the real estate market to a crawl. New listings and new contracts are very slow. The bright side is all the activity doesn’t disappear, it just gets pushed until April.
❤️ Valentines Day
📈 Market Stats
🏠 How to Buy a House in 2025
🔋 Skyscraper Battery
❤️ Valentines Day
Looking for something special to do this Valentine's Day? Here are some local events to consider:
Valentine's Day Beer Dinner: Join Tin Bridge Brewing Co. in Westfield, MA, on February 12 at 6:00 PM for a delightful beer-paired dinner.
Valentine’s Day Couples Paint, Sip, and Poetry: On February 14 at 6:00 PM, 9 Willard Ave hosts an evening of creativity and romance.
American Legion Valentine's Day Dinner & Comedy Concert Fundraiser: Enjoy dinner and laughs on February 14 at 6:00 PM at American Legion Post 14.
Valentine's Day at Ballet Hartford: Experience a special performance on February 14 at 12:00 PM at The 224 Ecospace in Hartford, CT.
📈 Market Stats
Housing Market Update: Rising Prices in Our Region
The housing market in our area continues to show significant growth:
Connecticut: Home prices have increased by 14.3% year-over-year as of December.
Western Massachusetts: The median price of single-family homes has risen by 11% over the past year.
This trend indicates a strong seller's market, making it essential for buyers to be well-prepared and for sellers to understand their home's value.
🏠 How to Buy a House in 2025- Making sure you buy the right home
The strong seller’s market as seen above is why it is so important to put a lot of thought into the home you buy. Buying a home isn’t just about what works for you right now—it’s about making sure it fits your needs for the next stage of life and maybe even the one after that. Too often, buyers focus only on the purchase price and overlook the long-term costs of moving, maintaining, and eventually selling. Taking the time to find the right home, rather than settling for something that’s just “good enough,” can save you thousands in the long run.
The listing price is just the beginning. Once you buy, there are additional expenses to consider:
• Immediate Costs – Painting, repairs, renovations, and new furniture can add up fast. Even a “move-in ready” home might need small updates to truly feel like yours.
• Ongoing Costs – Property taxes, maintenance, and unexpected repairs will be part of your budget for as long as you own the home.
• Selling Costs – If you outgrow the home too quickly, you’ll face real estate commissions, closing costs, and potential market fluctuations when you sell.
A home that fits your lifestyle today may not work five years from now. Consider:
• Will you need more space in the future (kids, home office, aging parents)?
• Will stairs become an issue as you get older?
• Does the neighborhood still make sense if your commute or lifestyle changes?
Buying with the future in mind helps you avoid the costly cycle of moving too soon. It’s better to be patient and find the right home than to settle and regret it later. When you buy smart, you’re not just investing in a house—you’re investing in your long-term happiness and financial stability.
🔋 Skyscraper Battery
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Thanks for reading!
Mike