“Buyers want last year’s prices. Sellers want next year’s prices.” – JF
“Everybody needs money. That’s why they call it money.” – Heist
“I constructed a laboratory in the neighborhood of Pike’s Peak. The conditions in the pure air of the Colorado Mountains proved extremely favorable for my experiments, and the results were most gratifying to me.” – Nikola Tesla
Almost every week when constructing this little post, I’m struck by the thoughts that race through my head. These three quotes have been running around in my head for the last little bit, so I’m sharing them this morning. Enjoy…
This week’s MLS Stats are not dramatically different from last week, but let’s get granular!
New Listing (1307) Clearly, this is not a dramatic change, but it is lower than last week.
Coming Soon (144)
Back On Market (276)
Price Increase (117)
Price Decrease (1697) Sellers are still trying to “milk” the market for that last $, and it is clearly not working. This is NOT the time to challenge price in this market.
Pending (1401) This is nice strong number. This is a good week! Rates did dip a bit…???
Closed (1170) Now, this is nothing to brag about, but it is still over 1K per week. This is the line in the sand for me.
Overall, there is nothing to brag about here, but once again, NOT a bad week at all, “Henny Penny, the sky is NOT falling!”
What about total numbers? Let’s take a look…
Looking at the number of Active Listings over the last ten years on this chart, it is important to note, we are currently more than 3 times the number of Active Listings from January, 2022, but that was an all time LOW. Right now, we are seeing the number of new listings each week rounding off the top of the chart, and I believe this will continue through the end of the year. This assumes rates will stay in their current range without another dramatic SPIKE!
The word GRANULAR became front and center this week. We have the tools, knowledge and skill to create a personalized search for you presenting only the properties of YOUR interest.
Lean In On Us… We’ll be there for you! TheCryerTeam@mytowncryer
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