Out on a Limb
Out on a Limb
I usually feel that the market sees a lot of “tire kickers” in January and February. By that, I mean people getting out there and looking at homes but not making buying decisions, thinking that something better will be coming on the market. I feel that we may very well see higher sales this March than we did last March. Weather plays a huge role in February and the warm weather we had got folks out early. I am seeing lots of competition in the lower pricing points and good activity in general. I am optimistic enough to bring our inventory into the market early hoping to “get on and get gone” before there is a lot of competition. I think there is some pent-up demand as people held off making buying decisions, in part because of the election and in part because they think better inventory would come on in the spring. We saw more inventory coming on in February and certainly should see a big bump in March. As relocating buyers enter our market in March, the sold signs should follow. Then we will see things start rolling as some urgency is created. As our market continues to unfold, I will, as usual, keep you informed.
The title Out on a Limb comes from the fact that we are willing to go Out on a Limb and tell you what we think is going to happen in our local real estate market in the future both short term and long term. After 26+ years in the business we are pretty darn accurate but not always. There are times we have been surprised but that is not often. You can look at the stats and see the numbers, and you can read Front Lines to get an idea of what is currently happening and finish that off with Out on a Limb to know where the market is going! We update this monthly so bookmark this page to check back on regularly.
Out on a Limb-
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