Price Correction Coming? What Fitch Just Predicted for the Northeast

A recent report from Fitch Ratings warns that much of the Northeast—Massachusetts included—may be overvalued by 10–15%, putting it at risk for a real estate price correction.

They cited persistent affordability issues, elevated mortgage rates, and declining national demand as key signals. Sound dramatic? Maybe.

But here’s what’s actually happening locally:

• Massachusetts inventory remains low, especially on the South Shore, which is keeping many values stable—for now.

• Buyer activity is still healthy, especially for well-priced homes under $1M. But buyers are getting picky again.

• Stale listings are rising, and homes priced too high are getting punished fast.

While this isn’t 2008, it could be the top of the market cycle for many sellers.

If Fitch is right, we’ll start seeing more price sensitivity this fall—and by then, the “window” for maximizing your sale could already be closing.

💡Thinking about selling in the next 6–12 months?
Now’s the time to quietly test your strategy. I can run a private price analysis with current buyer trends and help you decide:

✅ Sell now while leverage is strong?
✅ Wait—but prepare in advance?

Just reply “strategy” and I’ll walk you through it confidentially.

PS - If you find value in this and you feel compelled, please share this newsletter if you know of anyone thinking of selling that this could help.