By: Michael Maerten, Chairman of the Board at Tri-County Suburban REALTORS® and Jason Ostrowsky, REALTOR® Member at Tri-County Suburban REALTORS®
The real estate market in Glenside has consistently attracted strong interest from buyers, and this trend has only intensified in recent months. According to the latest data from Bright MLS, Glenside remains one of the most sought-after areas in the region. Continued high demand and a steady decline in inventory since 2016 have created a challenging yet opportunity-rich environment for both buyers and sellers.
Adapting to the New Normal
Recent regulatory changes following the National Association of REALTORS® (NAR) settlement have introduced several adjustments to real estate transactions nationwide. These changes, effective since August 2024, require REALTORS® to enter into written agreements with buyers before touring a home. These agreements include clear details about the REALTORS’® compensation, which must now be specified upfront, such as a flat fee or percentage rate. Additionally, REALTOR® commissions are fully negotiable and not set by law.
In Pennsylvania, long-standing practices, like using buyer agreements to clarify roles and compensation, have helped ensure a smoother transition during these changes. For buyers and sellers, it means more transparency when working with REALTORs® and a clearer understanding of the costs and services involved.
The most noticeable shifts in the Commonwealth involve technical details, like the structure of offers and paperwork requirements. However, the fundamentals of successful transactions—market knowledge, professional guidance, and sound decision-making—remain unchanged. A REALTOR® with local expertise is the best resource for buyers and sellers adapting to these minor but important shifts.
A Market Worth Watching
Glenside’s unique blend of suburban charm, excellent schools, and proximity to Philadelphia has made it a highly desirable area for young professionals and families. Homes in this competitive market often receive multiple offers within days. In fact, recent listings have garnered up to nine offers, demonstrating the urgency for buyers to act quickly.
Many buyers feel rushed to make decisions within hours, driven by the fear of losing out on their dream home. On the other hand, sellers benefit from the increased interest but must still navigate the complexities of handling multiple offers. Having a REALTOR® with deep local expertise is vital for both sides of the transaction, ensuring buyers don’t overextend and sellers can make well-informed decisions.
Glenside is Ripe with Opportunities
The Glenside market offers tremendous opportunities for both buyers and sellers but also presents challenges due to competition. Success depends on having professional knowledge and guidance. Whether it’s selecting the right offer or staying compliant with evolving regulations, working with an experienced REALTOR® from Tri-County Suburban REALTORS® ensures you make informed decisions at every step.
If you’re ready to explore your options and find your forever home in Glenside, contact a member of Tri-County Suburban REALTORS® for expert assistance in making your dream a reality.
About Tri-County Suburban REALTORS®
With over 9,500 members, Tri-County Suburban REALTORS® is the largest local REALTOR® Association in the Commonwealth and provides the highest level of service and products to real estate professionals in Delaware, Chester, and Montgomery counties. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
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Photos: Tri-County Suburban REALTORS®