The real estate market is heating up as first-time buyers gain ground, challenging all-cash investors in a competitive landscape. According to the February 2025 REALTORS® Confidence Index, 31% of buyers were first-timers, up from 28%, while 32% of purchases were all-cash transactions.
Photo Credits: NAR
Who Holds the Advantage?
The data suggests sellers still have the upper hand, with homes receiving an average of 2.3 offers per sale. Additionally, 21% of properties sold above list price, a significant jump from 15%, highlighting strong demand and limited inventory.
What This Means for Luxury Buyers & Sellers
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For Buyers: Competition is fierce—having a strategic approach, pre-approvals, and expert guidance is essential to securing the right property.
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For Sellers: With rising home values and multiple-offer scenarios, now is the time to position your property for maximum return.
Your Next Move
Navigating today’s high-stakes market requires expertise and precision. Whether you're looking to buy or sell in Philadelphia, The Main Line, or The Jersey Shore, working with a trusted luxury real estate advisor ensures you stay ahead.
