Home buyers and sellers have questions.
"How's the market?" being one of the most often asked.
And if you've got the answers to that question, you've got a chance to be their go to agent.
And I'm not kidding when I say answers! Sure you could say "Great!" or "@#$@!!". But neither of those answers is really telling them what they want to know.
A buyer wants to know if they'll be scurrying through multiple offer after multiple offer? Or is the pendulum in their favor and can they get a great deal?
Sellers want to know if they can turn a profit? Sell quickly?
And the answer may vary significantly according to the buyer's or seller's needs.
For instance, if you're a Mason condo buyer, December was a "meh" month. Only 9 completed condo sales, only 15 not under contract. That translates to little to no choice and better act quickly when a good match comes along.
On the other hand, for Mason single family home sellers, the answer depends on your price point. The lower prices don't compete with new construction and there's a shortage of them. Quick and easy sales if the home's condition is good. Climb up the price point and you're going head to head with LOTS of new construction. Much tougher to sell and if you don't price right from the start, it's going to be price reduction after reduction.
So all in the same school district, and distinctly different markets.
So the moral of the story? It's why as a blogger it pays to study your market and write market reports. They're "boring" and tedious and you hate crunching numbers, but when the question is asked "How's the market?", you're not going off of your personal perceptions, but the actual facts of the market. You'd better know more about the market than the person asking.
Until next Tuesday, just Ask An Ambassador if you need help!
Bill of Liz and Bill aka BLiz