October’s statistics are in and they tell the tale of what those of us on the real estate front lines have known: the market has slowed somewhat.
Days on market has continued to increase while absorption rates and the ratio of list price to sold price have both dropped. With this news, some might think that real estate is in for a major fall. On the contrary, this is likely just a very healthy and much needed breather as the economy is strong and the fundamentals are all solid. Some of the best news is for those who want to trade up and need to sell their house first. We are seeing contracts with home sale contingencies being accepted for the first time in several years. The market is always changing and by the time the stats exist, it’s already changed again. That’s why it’s important to work with a team like mine that understands today’s market and can show you how to best take advantage of it. If you are even thinking about buying, selling, investing, or trading up in the next year, call us, we can help!
Helping YOU is what we’re here to do!