Let's get some intel on how people feel about moving next year! Take this survey, and when completed, you can share it on social media. I'll publish the results on Tuesday:
2021 Moving Survey
read more
Spring Kick
Frenzy or Glut…Or Frut?
The 2021 market is shaping up to be a humdinger! Will ultra-low rates and more inventory cause it to be the Frenzy of All-Time? Or will a surge of home sellers - namely the baby-boomers - bring about a flood of homes for sale that swamp the market? Frenzy, or Glut?...
Vaccine to Supercharge 2021 Market
Did you hear Dr. Fauci last night? It's likely US health officials will know whether a Covid-19 vaccine is safe and effective as early as next month, Fauci said Monday. "I think comfortably around November or December, we'll know whether or not the vaccine is safe and...
The Selling Season, 2020
It was on April 15th that I drew up the calendar above, and then I added the additional red box around June when it was becoming obvious by the end of May that the market was taking off. June, July, and August were all dead-red-full-tilt-boogie, then we had a blip...
Covid Divorces
If the Big Three reasons why people move (death,divorce, & job transfers) start to increase, we'll have more inventory next year - how much is too much? If absence makes the heart grow fonder, what happens when you're stuck at home all day with your spouse? Some...
More on the 2021 Selling Season
My video on Monday touched on the different groups of buyers and sellers that should be very active in the 2021 selling season. Let's break it down further, shall we? SELLERS Boomer liquidations - When we first started talking about boomer liquidations, people in...
Coronavirus Price Premium?
When the coronavirus shut down the economy coast to coast, it was natural to assume that the real estate market would take a hit. Being in quarantine would certainly cause sales to plummet, and with 20% to 30% unemployment, prices would follow, right? All that was...
Inventory Watch – WOW!
In spite of having about 300 fewer homes for sale to consider, our total number of pendings has exceeded last year's count at this time! A sensational market comeback! There were 59 new pendings between $1.0M and $3.0M in the last week: NSDCC Actives & Pendings By...
Inventory Watch
THE TOTAL NUMBER OF NSDCC PENDINGS WENT UP 25% IN THE LAST WEEK! NSDCC Under $1,000,000 Market Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 7 72 $469/sf 55 49 Jan 14 78 $487/sf 49 48 Jan 21 82 $488/sf 49 49 Jan 28 68 $480/sf 53 64 Feb 4 72 $483/sf...
Home-Selling Season – The Comeback
I drew this up on April 15th. The market has been heating up nicely since. Let's modify the chart by making all of June a hot zone, with a breather around 4th of July!
