Last week we all read about the drop in sales, and even May sales dropped around 30%, this is what I experience. I had a Fantastic June - 8 closings, which is the highest production month for me this year.
Yes I did see a drop of in visitors to open houses, and I do feel the frenzy did die down some. However when I search for new listings for my buyers and am working with about 15 right now, I don't have a lot of options. Most of what's available has defects that are unacceptable to my buyers (railroads, main streets, t-intersections,...).
So contrary to the pundits proclaiming the end is near. I don't buy that scenario. Buyers are waiting for choice properties to appear. They are ready, to pull the trigger once that property appears.
So my word to you sellers is don't be afraid to sell, prepare your property well (and for God's sake, please don't paint the walls white if you've decided to repaint!).
Let me know what's it like your neck of the woods.
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