Yesterday I posted a market update for Cheverly and got a few emails expressing dismay that sales have slowed down.
The truth is, this is what a changing market looks like. It’s actually a good sign, in my opinion, that we are at the beginning of an upswing, both in number of sales and value increases. We’ll know for sure as we get deeper into September. Traditional real estate markets show peaks of activity in spring and fall, with a shallow trough in summer and a deeper trough in winter.
That being said, I can barely remember the last time we had a market that looked like that.
What do you think the fall market will look like? Anyone have a crystal ball?