Somehow that opening line reminds me of a movie -- "It's night-time, do you know where your kids are?" or something like that. LOL!
It's been an interesting month already. I attended a half-day David Knox seminar in Portland last week on our current market. As always, he was quick, witty, and full of good information. Digesting it all takes a little time, but it has encouraged me to plan appointments with all of my sellers and review their desire (i.e. motivation) to sell. Then, together, tackle the job of getting it done in this market! It's become clear to me that you have to be more aggressive than even your CMA is telling you in order to get a "SOLD" sign on the property. Now it'll be getting the seller's to see that as well.
I've been reading NAR's projections for the real estate market, with all signs indicating a pent-up demand for housing, and for mid-to-late summer to pick up. What concerns me is that Klamath Falls typically runs behind the trends, so we may be looking at more of a pick-up next year. What is happening in your market? I'd like to know!
For us, the average days on market is at 131. Our number of active residential listings has tipped over the 1,000 mark at 1,003! As of the end of May, our inventory ratio was at an 18.6-month supply. And, as of the end of May we have sold 214 homes, compared to 480 at this time in 2005.
At the risk of looking grim, May posted the highest number of monthly solds so far this year (51), and our average sales price ($210,396) and median sales price ($165,000) have actually increased.
On that note, I am taking a real estate break this weekend to go canoeing at Rocky Point for my husband's birthday, then having a Father's Day BBQ!
Happy Father's Day to all dad's out there!
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