This year was off to a strong start in the spring but has changed this fall. Normally we have a strong spring market, with a decline around the start of summer, and a small rebound just after labor day. But this year is different. There hasn’t been much of a rebound.
I talked to several agents and they all say the same thing. Buyers are down, showings on listings are down.
My take is this: since our spring market was so strong, maybe 75% of the buyers bought in the March – June timeframe, leaving not as many buyers left for this fall. Whatever the case, this year has so far mirrored last year with the same thing happening in 2015.
You must be logged in to comment.