By Brett Ellis
Buyers and sellers always ask how the market is doing, and the answer depends on which agents you’re talking to. It’s easy to conflate how the market is doing with how your personal sales numbers are doing for the month. While it is human nature, it is often a mistake. Southwest Florida inventory rises in April as sales decline.
When an agent’s sales numbers are up the agent feels great and wants to shout from the mountain top how great the market is doing. When an agent’s numbers are down it must be the market. Both cases reflect the attitude of the agent not the actual market statistics.
Buyers and sellers don’t care about that stuff. They want to know how the market is doing. They want it local. Hearing how an agent’s numbers are up when the market is down is about like saying the national housing market is up, but our local market is in the tank. They only care about one thing, and that is the local data.
In SW Florida, single family inventory rose 4.6% in April. This isn’t because a bunch of new listings hit the market. New listings were …read more
Source:: Top Agent