The world...or at least my part of it..seems to have come to a halt. The snows have come and a lot of businesses are closed. What are you doing today? Is your company one that closed? Are children off school? Do you revel in the day or worry what tomorrow will bring? Is your electric out because of the ice? (Well, you wouldn't be reading this if it were..so pretty silly question)
So, what does a realtor do when everything seems to shut down? Write new ads; update web sites; get ready for the February news letter; file everything I've put off for this kind of day; set up showings and get ready for listings; review presentations and update obsolete information; work on taxes; make phone calls and on and on. Because! January snows bring February buyers. And I'm going to be ready to greet them.
About Me
- Couch on Houses
- Central, Ohio, United States
- Full time Real Estate agent/ consultant with HER Realtors in the Central Ohio area. Dedicated to a clients success using the latest real estate tools, honest communication, and available when you call!
How is the market today?
The Real Estate market is looking a little brighter today than a year ago.
The election is over. The winner declared. The job market has been bleak but there are signs on the horizon that things will get better soon. So, how does all this translate to Real Estate?
In a years time, out listing numbers have gone from 20,000 +/- on the market for sale down to 16,000 +/- . So, then, how many sales does that translate into when all things are considered? Actually, when there were 20,000 listings, in a given month there were about 1400 sales and when there are 16,000 ...1400 to 1600 sales.
So, where did those other 4,000 listings go? Sellers may have let the listing expire and came back on in 30 days with a new number. The houses could have expired and the Sellers decided not to put them back on the market. Or, the houses could be withdrawn by the Seller waiting for a better market.
It's difficult to think that property values have decreased and the properties that do sell are often lower than what the Seller wants. Fortunately, there is a flip side to that. The Seller who sells and then buys, can now expect the same type of sale...more house for less money.
So, what does the future hold? Let me get my crystal ball out and see!
IF I could pick...I'd say..all things considered, prices will probably stabalize in the next 6 months and remain lower but steady. Buyers will begin to have a renewed interest in purchasing because they will be tired of renting and watching their money go away to the land lord. People still want a good investment and I still believe that buying your own home is a Great investment. Always has been. Hopefully, always will be!!
The election is over. The winner declared. The job market has been bleak but there are signs on the horizon that things will get better soon. So, how does all this translate to Real Estate?
In a years time, out listing numbers have gone from 20,000 +/- on the market for sale down to 16,000 +/- . So, then, how many sales does that translate into when all things are considered? Actually, when there were 20,000 listings, in a given month there were about 1400 sales and when there are 16,000 ...1400 to 1600 sales.
So, where did those other 4,000 listings go? Sellers may have let the listing expire and came back on in 30 days with a new number. The houses could have expired and the Sellers decided not to put them back on the market. Or, the houses could be withdrawn by the Seller waiting for a better market.
It's difficult to think that property values have decreased and the properties that do sell are often lower than what the Seller wants. Fortunately, there is a flip side to that. The Seller who sells and then buys, can now expect the same type of sale...more house for less money.
So, what does the future hold? Let me get my crystal ball out and see!
IF I could pick...I'd say..all things considered, prices will probably stabalize in the next 6 months and remain lower but steady. Buyers will begin to have a renewed interest in purchasing because they will be tired of renting and watching their money go away to the land lord. People still want a good investment and I still believe that buying your own home is a Great investment. Always has been. Hopefully, always will be!!
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