Positive Real Estate Market

There is no doubt that the real estate market is heading in a much more positive direction. Sales of existing homes, pending sales of existing homes and sales of new construction are all up. The media headlines are now mentioning and, in some cases, are exclaiming that we have reached a bottom. However, let’s not lose track of the real data behind the headlines. Things are better. But, we still have a long way to go. For example, though it is true that new construction sales shot up 11% in June, June has historically always been the best month of the year for this category. And, in actual units delivered, this June was the worst June since 1982! I am not trying to play the role of the pessimist just as I wasn’t playing the role of the optimist this past winter when I said the market wasn’t as bad as the media was reporting. I try to be a realist. What is reality telling me right now? All our hard work over the last twelve months is starting to pay off. Let’s remain diligent in our pricing to ensure we keep the present momentum going