Have You Seen The Real Estate Crystal Ball?

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

If you are looking for a real estate crystal ball, the best shot you’ve got is with the pending home sales report. Normal real estate SALES reports show you what happened a month or so ago, but a study of PENDING home sales is a glimpse of what is happening on the street today.

My real estate crystal ball (aka the Pending Home Sales Report) will tell you what you need to know about the current real estate market as well as a forecast for the next quarter. What it reveals is nothing like you would expect to hear during a global pandemic.

Peer Into The Real Estate Crystal Ball

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments (8)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joe... I'm always looking at pending sale numbers... they are a harbinger of the future, while closed sales are just history.

Oct 27, 2020 08:10 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

You're right Joe. The real estate market doesn't really reflect a slow down from the pandemic. Pendings do tell the story. 

Oct 27, 2020 08:33 AM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Roger that Joe Manausa. My Phoenix crystal call shows a shortage of homes for sale after an all time record average home sales prices in both August and September. Jeff 

Oct 27, 2020 08:57 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Well Joe, I think that's as close as any of us are going to get to a real estate crystal ball. 

Oct 27, 2020 09:12 AM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Joe my crystal ball comes in handy quite often! And it shows and tells what's really happening in the PHX market.

Oct 27, 2020 09:46 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Sometimes I wish I had a crystal ball in this industry Joe Manausa 

Oct 27, 2020 12:23 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Joe.

Our market is going through the roof right now.  We are in a record breaking year, so far we are 8 million more in sales than all of last year.

Oct 28, 2020 01:01 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Yes Pendings are showing the REAL market. Potential buyers are disappointed that home sales are moving faster than they can get an offer in!

Oct 29, 2020 05:44 AM