The 2019 first quarter preliminary numbers are in and compared to the same time last year. Not as many homes sold, and they took slightly longer to sell than from the first quarter of 2018. Does this mean we’re heading towards a meltdown in the market like years past? No! At least I hope not! So, what should sellers do? Here are three factors sellers should know when a market has had a downward shift.
- The First Quarter Sales Stats Usually Sets the Tone for the Year! But nothing is etched in stone. People who know me. Consider me to be Mr. Positive when it comes to selling their biggest asset, their house. But, from my almost 20 years of selling real estate in the Metro East. Rarely does the market make a rebound in the second or third quarters when the first quarter has shifted downward.
- A shift usually means it will take longer to sell your house! Depending on price points and your location. The time difference from selling your house in the Spring from putting it on in the Summer, when in the market is trending down. Could only be a couple of weeks if you’re lucky. If you’re not so lucky. It could take a couple of months longer or more! And no seller I know, wants to go through that!
- It’s best to take action on where the market is now! The market could still take an upturn yet this year. However, what if it doesn’t? If sellers decide to wait till the Summer months to sell. d pricing has dropped only by 5% drop from the Spring market. That could mean up to $10,000 loss on a $200,000 house. Yikes!
These are just some of the reasons I am advising my current as past clients to sell NOW! Or at least to have a sign in their yards in the next 30 days!
Who do you know that wants to get a head of the market and sell now to avoid possible problems that I mentioned above? Have them call or text my private number 618-210-2451. And I will send them my bestselling book for FREE! To make sure they get top dollar and a fast sale!
Bryan Vogt
Palm Tree Realty