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Balloons Flying Higher and Higher -- Sign of a Turnaround?

RE/MAX Balloon Sign of a turnaround?

The CEO of my RE/MAX Allegiance franchise recently started a blog with his musings about real estate, the market, the industry, etc. Charlie Bengel, Jr. unabashedly refers to our company as "The Greatest Real Estate Brokerage in the World"! Since I've only ever been associated with one other real estate brokerage, in my little world, I'd have to concur.

Last week on The Bengel Blog, Charlie offered the following interesting statistics and anecdotal evidence of a pickup in market activity:

"RE/MAX Allegiance conducted 843 transactions in September and 722 in October. These stats may not seem like a big deal, but they may be. See, that is two months in a row that we had an increase in the number of transactions compared with the same months last year. That is the first time this has happened in years.
Considering we have fewer Associates than we did last year, this is quite an accomplishment and may point to the beginning of market improvements." [Emphasis added]

While, I don't have complete statistics on other companies sales, it appears that at least some balloons are flying higher and higher...

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Posted by Brian Block -- Northern Virginia & D.C. Real Estate on 11/17/2008 08:48 PM

Comments (13)

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Originally posted at: Buy Alexandria Real Estate: Balloons Flying Higher and Higher -- Sign of a Turnaround?

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13 Comments on Balloons Flying Higher and Higher -- Sign of a Turnaround?

NOV

2008

Congratulations to your office. Is it that Re/Max is doing better or all of North Virginia and DC? With the administration change in DC, will that signal more sales for the area?

Just Curious

Hi Brian, That certainly is good news and I certainly hope that that data reflects a change for the better in all markets to come.

I do belive Maryland has seen an 8% increase month to month from '07 to '08. Unfortunately, I don't have any stats for RE/MAX Advanatge. It's a tough market but it's not dead. It just seems that way.

Hey, good for you and your company. IMO, any news that isn't negative news is positive news. Thanks for sharing!

NOV

2008

Congrats Brian that is good to hear. I know I would not want to be anywhere else other than RE/MAX.

Congratulations to you and your office. This is good news for consumers.

Say that is good news! I expect the change of administration will have a huge impact on your market (and probably on our world, but that's a road I won't go down in this forum).

If we could get everyone to turn off their TV's, I believe the mindset could turn, and activity would follow the shifting minds.

Brian-I'm puzzled by the agents in our office who aren't doing much business. There are plenty of sales happening as evdienced by the numbers. Right now I'm looking at 3 closings in December and sitting on a 4th with a contingency that might make it.

Brian - those are good stats !! It makes me want to get our firms stats too. I hope the ice is cracking! I think it is, and I just wish the news media would get buyers off the couch and out looking to buy!