What Is The Market Condition?

By
Real Estate Agent with Coldwell Banker West Shell

What is the market conditions? That is what I hear on a daily basis every where I go. I could be in the gas station, wearing my name tag, and the cashier asks, "Are you in the real estate business?" I answer, "Well yes I am!" And we all know what the next question is, "Isn't the market really bad to be in that business right now?"

My mouth always drops when I hear that question. I always answer back with a smile, "For some, yes, it is rough. However, I love today's market. With the tools we have now and the mortgage rates where they are, there should be no reason why a Realtor such as me would not be successful. Today's time might be rough for some, but not me. I do this full time and I make sure my clients are successful in this market."

I love to watch the faces when I explain the market is not bad. I leave the store with a smile. Wow, I feel good and I look back at the service rep. and they are smiling too.

Just for some information that a lot of people ask, listed below are the statistics for the areas I work in. This is 2008 statistics of how many homes have sold, how long did they take to sell, and how much were the homes selling for. The statistics provided below are for single family homes.

Ross, Ohio: Average Days on Market=74 Average Sale Price=$154,574  Total Homes Sold=91

Fairfield, Ohio: Average Days on Market=75  Average Sale Price=$163,297  Total Homes Sold=485

Hamilton West, Ohio: Average Days on Market=89  Average Sale Price=$97,546  Total Homes Sold=341

Colerain, Ohio: Average Days on Market=75  Average Sale Price=$103,438  Total Homes Sold=437

After looking at those statistics, I really do not believe the market is as bad as the media is making it. One thing I have learned from the past year: "Don't watch the news or read the paper." its too negative. Receiving information daily from my lenders and team, keeps me up on the real estate market and the information I can provide my clients. Personally, that's all I need.

Comments (1)

Anonymous
Gary

Jamie

I couldn't agree with you even more.  Yes, for some the market is probable difficult.  But for those of us who put our customers first, we are doing quit well.  We have had our best first quarter since being in the home inspection business since 2005.  Thanks for trying to get the word out, that not all is doom and gloom.

Mar 31, 2009 05:04 AM
#1