The countdown has started. Christmas decorations were up in stores before the Halloween candy was finished. It would be impossible to forget a holiday in this country wouldn’t it?
Anyway, let’s see what we can glean from the MLS this week.
New Listing (885) If you are a buyer, this is disappointingly low!
Back On Market (218)
Price Increase (98)
Price Decrease (1099) Overly Optimistic Sellers (OOS) are still trying to catch up.
Under Contract (1255) This is a nice week of activity.
Sold (1279) Another strong performance.
From critical observation, I have determined, if there are 50% more SOLD Listings than NEW Listings, buyers will still be facing the realities of a “Seller’s Market”. With this being said, this market is setting itself up for a crazy 1st quarter in 2020.
All the signals are there. Solid economic news, favorable interest rates, low inventory and job growth in the metro area add up to just one thing; a seller’s market. We’ll keep you posted.
A successful move, relocation, down pricing, down sizing or even moving up takes planning. Jumping out of a airplane without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, spend just one hour with us. Let us show you a clear pathway to a successful transition. We’ll be there for you…
Dee and Tom Cryer TheCryerTeam@Kentwood.com 303-638-3202