Fastest market ever & price deceleration
Fastest market ever & price deceleration
The housing market has been changing these past couple of months. As I’ve been saying, it isn’t cold, but the temperature is surely different. Anyway, let’s talk about two things to watch in months ahead – price deceleration and days on market. Any thoughts?
This post feels a bit nerdy or heady, but this stuff is so important. I hope you pick up a few nuggets – even if you aren’t local.
1) PRICE DECELERATION:
When this year began, lots of people predicted and hoped for price deceleration. The idea is price growth would slow, so instead of being 20% higher compared to last year, the percentage would start to be lower over time.
2) DAYS ON MARKET:
I have some brand new visuals to help us watch how long it is taking to sell so we can gauge a change in temperature. Do you like these?
TOP GUN REAL ESTATE MEMES:
Lately I’ve been making more real estate memes. It’s just how my brain works. Anyway, Top Gun 2 is coming out in a few days, so I give you the following. The second meme alludes to buyer “love letters.”
MARKET STATS: I’ll have lots of market stats out this week on my social channels, so watch Twitter, Instagram, LinkedIn, and Facebook.
Thanks for being here.
Questions: What are you seeing out there in the market? What do you think of the new visuals?
If you liked this post, subscribe by email (or RSS). Thanks for being here.