How's the Market Doing? . . They Really Want to Know

Ed, The market is southern Utah is doing well. Prices are slightly climbing and inventory is 25% less than it was a year ago, interest rates are still very low...NOW is the time to buy. That is my professional opinion!

Here in Destin, Florida the inventory is going down and prices seem to be starting to rise. This is a good thing!

The problem is the national trend means nothing when you drill down to a city or neighborhood.  The old addage is true, real estate is local and professionals know the local information.

Great post, Ed,

People asking me this question all the time... I am trying to stay up to date on my market report in our county.

Have a great day.

You are absolutely right Ed. We know the sales trainer guru's tell us to always answer "its doing great what are your plans?", but like you stated when people ask, they are genuinely concerned and we think they do deserve an honest answer. This year we have had an up and down market, busy one week, quiet the next, but properties are selling and if they look good they are selling for good prices. Very good thought provoking blog Ed.     

In my previous career, when people asked ‘How is work?”  ……. My answer did not impact them in a personal financial way ……. But in real estate, you are right they want to know, because it impacts them …….

This is a great topic Ed. Everyone wants to know how things are everywhere. There are many concerned with the welfare of the economy as it affects them or their children or their friends.

Ed, very well made point. Homeowners are constantly evaluating their property's value compared to news they hear or read. It's nice when they have a local agent who knows what they're talking about give them more specifics. Well done.

Great post, a timely reminder.

Hi Ed,  And they deserve an honest answer without the marketing hype !

Hi Ed..

We are still slow and not stable yet.  I think things will pick up after the election..

Ed, some how I missed this one, but just saw it on Al & Peggy's reblog.  You are right on target with this, people expect us to know our business and our market, and we have to be ready to answer their questions whether they are a client or not.

Ed -- That's why doing market reports are so important. I am sure with all those great, consistent reports you do that you are able to recite numbers and trends and be a truly valuable area resource.  It's what is expected of us.

Ed, I missed this post, and I am glad I found it. It is because of ActiveRain I have that information at my fingertips, and in my head. I send them out to people, I know my market inside and out, I can tell people who ask the question. And you are so right, often when people ask they are asking because they need to understand.