With the Holidays behind us, buyers are back on the Real Estate scene scoping out the new inventory. This weekend I held a home in SSF open. I had over 65 groups come through and even ran out of fliers & ended up staying well after 4pm as buyers kept showing up. I can't remember the last time I ran out of fliers or had to stay longer then the open house was scheduled.
The home was a single family fixer, in a desirable neighborhood. I figured there was an abundance of buyers because it was the first weekend of scheduled open houses, come to find out it wasn't just my open house that faired well to the buyer's scene, it was everyone's.
Every Monday morning my office has its sales meetings. In the meetings we take count of how many people came through our open houses. Today the count was 400. Those are huge numbers which gives us all something to ponder... Buyers are out in droves, prices have come down and interest rates are historically at all time lows. Has the market hit its threshold? What are your thoughts? If you ask me, no one ever truly knows when a market has hit its bottom. All I can say is when it's your time to buy or sell, it doesn't really matter what else is going on around you. That's the beauty of Real Estate.