After 5-6 months of positive Market Action Reports, a number of clients have been asking us why there haven’t been more showings on properties right now. We as real estate brokers keep our eye on many indicators to monitor market activity for you. The reports below show lockbox activity which gives us an idea of how many buyers are actively looking at properties. You can see as the lines indicate on both charts from October to November, that we have had a significant drop in viewings. You can also see the trends in the last year.
What does this mean? Is the recent slowing due to the election? Or is it due to the “fiscal cliff” that we keep hearing about in the news? Or is it just the normal slowing due to the holiday season that is upon us? We cannot be totally sure, but we will continue to keep you posted and make you aware of both positive and negative indicators in the real estate market. We are happy to say that most of the trends for Real Estate for the last 4 months of 2012 have been positive. We would not expect for the bumps and grinds in the road of real estate recovery to be gone yet. Many of you will still experience a slow sale for reasons we cannot completely explain, except that we are still in recovery. We will as your real estate experts, continue to keep you informed.
One thing we do know, There is a pattern in Real Estate where everything seems to ebb and flow and this may be what we are dealing with, the ebb and flow.