I mean, you could have been learning that here all along, but if you weren’t paying attention or just wanted to wait for official confirmation, Greenwich Time breaks the news to its readers today. John Cooke, an excellent agent, doesn’t share my own doubts about the fall market and perhaps he’s right. Perhaps.
John Cooke, the broker who compiles the data for Prudential, said he is optimistic about the second half of the year. The 82 sales in June were approaching 2006 and 2007 numbers, when there were 93 sales that month in both years, Cooke said. They didn’t touch the 114 sales in June of last year, but the spike was attributed to the increase in the state’s real estate conveyance tax that went into effect July 1, 2011.
“I see buyers out there, and of course there are still listings to be sold,” Cooke said. “I think we’re leading into the fall market in a strong position.”
I’ve been having a great year and I hope it continues, but looking at the future through a macro-economic lens, I’m saving my money.