After witnessing (by radio) the uplifting the Eagles’ win yesterday, I thought you might enjoy some positive news on market activity.
Market activity can be measured in many ways (as you’ve seen from the statistics on this blog), however there are a couple anecdotal signs of positive market activity that I tend to take notice of when they occur. First, when a home goes under contract within the first 7-10 days that it’s on the market, and second, when I see another realtor showing the same house at the same time that I’m showing it to a client. Well I witnessed them both firsthand yesterday.
First, imagine my surprise when I pull up to the home where I’m about to meet my clients for a showing, and the “For Sale” sign in the yard has another little sign rider, attached to the top of it which says “Sale Pending” (when setting up the home for the tour less than 24 hours prior, it was not pending and had only been on the market 9 days). This home was priced in the mid- $400’s and was located in PA (Delaware County). This represents a perfect example of when a home is priced properly from the start, it can sell quickly, even in a “slow” market.
My second wonder of the day occurred at the third home of yesterday’s tour. On a day when a high percentage of the Delaware Valley population was watching the Philadelphia Eagles win their big playoff game with the Giants, there happened to be another realtor showing the same house I was about to show. This used to be quite common just a few years ago, when the market was going strong, but rarely does it happen these days.
Does this mean that the real estate market has turned around overnight? No, but this is truly a great time to be in the market either buying or selling.
With the interest rates once again at historic lows, and home prices at affordable levels, buyers can take advantage of a great opportunity. Sellers also stand ready to benefit.
The sellers who have chosen to price their home in the market can also take advantage of this opportunistic time when winter inventories are a little lower and the current buyers are ready, willing and able.
If you have any questions on buying or selling in this market, don't hesitate to call me at 302-740-5872.
Regards,
John
Comments