Question For You
- Royal Family Real Estate

- 4 days ago
- 2 min read
Do you know someone that is looking to buy or sell a home? If so, would you mind sharing their information with me or forwarding this post to them?
Most of our business comes from past clients and referrals and I greatly appreciate your support! Below is a snapshot of the value that we bring to the table by being full time, local Realtors that focus on the relationships we have with our clients to fulfil their real estate goals. We give honest advice, have proactive communication and have a commitment to always build on our skillset so our clients have the most up to date information and guidance from us as their trusted advisor.
One of the many tools we have is current showing activity and knowing where the market is at now and where it is headed. The graph below outlines buyer traffic on listings from January 1st to now (orange line) compared to last year. I removed the other years so it is easier to view but showing activity follows the same trend every year. As you can see, buyer traffic is building but not at its peak yet. The peak will likely be hit when we get to the middle of April.

Another tool we use is below to show supply and demand. As you can see supply (homes for sale) is at a low point and will likely be there for the next couple of months and will start to build in March / April. Supply is 10.6% under where it was last year at this time.

Closings are down and at their low point of the year (down 14.5% from this time last year).
Closings

We will see Closings likely bounce next month as you can see below Under Contracts are up. Under Contracts are a leading indicator of Closings.
Under Contract

Thank you for your continued business and support!




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