Hot Real Estate Market Normalizing
Tuesday Sep 05th, 2017Share
Wow! It’s been awhile since I've posted and there has been so much activity over the past several months. We have gone from an extremely hot market to a sudden shiver. What's the cause and will it come back?
Interestingly enough... the market has not come to a stop, it has just "normalized..." There has been an influence from a few different fronts that may have impacted this. Before I get into that, the reason I say "may have impacted" is that much about the market boils down to perspective. There is so many angles to look at the market from that it makes for a very challenging definitive consensus.
The Government has imposed 16 measures to help cool the market. Some of these impact us all at a very grass roots level while others are more arm’s length. These changes could very well be playing a role in the cooled market over the past couple of months.
Media attention to homes selling WAY above asking and real estate transactions making the nightly news may have resulted in a more cautious buyer moving forward. Cautious buyers have a directly proportionate slant on eager sellers.
Summer time is traditionally a slower real estate time. Families are spending time being families, the spring market is seeing closings over the summer months where folks are getting ready to start the fall with school and more ordinary routines.
At the end of the day, any home properly priced and marketed will sell for fair market value. If there is one thing that can be learned from this roller coaster ride that we have experienced it is that the market is always right.
Agents have to really work for their clients. The key word is work.
That is EXACTLY what I plan to keep doing for you and for my current clients.
Let me get to work for you!