“That” might have been the spring market we just saw flash by. No contracts reported today, only 3 this week and, given the low price range of those it’s a safe bet that they were actually signed several weeks ago, dependent upon financing and only just received the okay from the banks. We’ll see more transactions, I hope – certainly I have a number of bids out there and I’m sure other agents do, too – but it’s possible and I think likely that the flurry of activity the past few weeks represented the demand of buyers who wanted to buy last fall and waited until now before deciding that prices had begun to stabilize and it was safe to commit.
If I’m right on this, I look forward to pushing the deals I’m working on to a conclusion, successful or dead, and then heading out west for the summer where the trout have never heard of subprime mortgages, staging or FAR.
You sellers should relax too – there’s always next fall.