I recently recorded a video about the Summer Doldrums our market is experiencing using the great data from Your Castle Real Estate/First Alliance Title who graciously shared their 2 charts with me. The first chart reveals for the last 2 years that price drops on homes that sell are at the highest percentages from July-September. No different this year.
The second chart shows their Showings Chart on all their listings and this chart is amazing at showing buyer demand for a home. Guess what? The number of showings per home per month drop to their lowest levels in the summer time. At the end of the video I do provide a tip for both buyers and sellers, so this is an AWESOME video for you to SHARE with your clients and SOI. In fact my clients saw it last Saturday.
Senior Loan Officer