Comparing National Market Trends to Our Local Trends

Hi everyone! Thanks for visiting my real estate blog again! Today I wanted to talk about how our local trends compare to what’s happening on the national level of real estate. I talk to my sellers on a daily basis and they always tell me how they’ve read or heard from national news sources how the real estate market is up 10%.

Well, that’s true, real estate is up 10% but that is a national average. Locally, that might not be the case. It’s important to remember that real estate is a micro economic market and to always take your information with a grain of salt.

What can I expect to see through the summer into the fall?

I looked at our sales statistics over the past 5-6 years and it was interesting to see that right around the Fourth of July, we see a drop off in activity. Then from mid-August to October we see an increase. So, we are definitely expecting a second great burst of energy!

Thank you so much again for joining me!