Here in Idaho we had a market re-bound last month. According to our sales board this month we are neck and neck with listings and sales. We had a re-bound and now we're back at what seems to be a peak. We have been at a peak since the month prior to last. Well, technically it isn't a peak it is the bottom of the slump. :) but we all call it a peak, which makes no sense.
Anyway, my theory on why we had that re-bound last month was that it was our last month with ameri-dream. We had a rush of first time home buyers trying to get in on that before they had to come up with a down-payment. My ameridream that I sold had to get done in 2 weeks. It was FHA, had to be painted, re-roofed, visqueen in the crawlspace, had electrical issues, had possible negative grade, and needed new insullation in the attic, & was a fsbo. So I had to coordinate all of it. Talk about a task. And it closed a day early! Made my buyers think I'm the cat's meow though. :) Just goes to show that if we treat our clients like family, they will all be pleased.
Okay, so before my tangent we were discussing market turn around. My guess for here in Idaho (there are no national markets, only local ones) is that by next year we will have leveled out to be a normal market again. What are your guesses for your market?
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved