Is the Market Beginning to Turn?
I’m a big fan of statistics and charts. 20+ years in global marketing for a fortune 500 company will do that to a gal. I even took a second semester of statistics in college as an elective, because I liked it.
That doesn’t stop me though from just “getting a feeling” about something.
Over the past couple weeks; just such a feeling has been brewing about the real estate market. It started with a surge in home search registrations both here on Wesellny.com and on Baer-McIntosh.com. At the same time, we started noticing more calls to the office, and more email traffic.
All this at a time of year that is typically one of the slowest. This makes me think maybe this is an indicator of the real estate market picking up a little steam.
I sent out a note on Facebook and Twitter to many of my peers as to how things are in their markets and the resounding response that they too are “feeling”and seeing the same. This isn’t a technical analysis of the Rockland real estate market (nor any other market for that matter). I’m not even considering things like inventory levels, sales, prices or any of a dozen factors that go into a full-fledged market condition analysis.
But when multiple agents all across the county notice an uptick in their specific markets, it’s hard not to stop and say, “Hmmmm…”. Maybe this is just an aberration. Maybe it means absolutely nothing. But maybe, just maybe, it means there really are more buyers entering the market, more sellers setting realistic prices, and there is increasing confidence in the market all the way around.
Maybe.
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