Buyers and agents are noting that the market has changed.
Specifically, fewer people are looking at homes for sale, especially during the week when there is little to no activity. It feels more like October than May/June!
There has to be reluctance among buyers about signing a buyer-broker contract just to look at homes. The new law is not helping, that’s for sure.
But it means that the open-house activity is the real gauge of market conditions. There are times when nobody attends an open house, which is unsettling for agents and sellers alike.
We’re not there yet.
We can probably apply my list-price accuracy gauge to open houses.
- As long as people are attending, the price has to be within range.
- It’s when nobody attends that you don’t know how wrong the price could be.
Everyone thought my listing would be the first to sell because it has the most traditional floor plan and largest yard. We’ll see!
This is the first time that I ever put the address on an open house sign!
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