Trying to capture the roller coaster that was 2024 is almost as challenging as the year itself. Inflation remains a huge obstacle for many people - the price of homes, groceries, and mortgage rates has steadied but remains higher than we’d hoped. The real estate industry continues to refine new procedures and protocols which can be confusing at times. The run-up to the presidential election was stressful regardless of political affiliation. And let’s not forget the wars being fought overseas that take an emotional toll on people here at home.
Even through these challenges, the bright spots shone through. Brown Harris Stevens remained the #1 privately held brokerage in terms of sales volume in our markets. We welcomed many talented agents, some new and some who returned home after a brief time away. We maintained the highest average sales price per agent in the nation, and we doubled down on tech and innovation to create a more seamless experience for our agents and clients.
I am filled with cautious optimism for 2025. I don’t think we’ll count down the new year into easier economic times right away, but I do think we will follow a better trend even with a few bumps in the road. Mortgage rates will hopefully come down which could get more buyers and sellers back in the market. One thing is for sure - we will all be watching the new administration to see what policies they push through and how they will affect us. I am rooting for America all the way and peace around the world!
With all this in mind, my personal resolution for 2025 is to live every single day with less joyless urgency and more presence, focus and love.
“One word frees us of all the weight and pain of life. That word is LOVE.” - Sophocles
Thank you for your continued trust, and I wish all of you a very happy new year!
- Bess
