Conditions have dramatically improved! Our sales have continued to stay high, while our inventory numbers are diminishing. (This is exactly what our statistics Absorption Rates have been indicating). But, with this said, October 31st is our third largest day of the year for listings to expire. Because of this, we may see a slight increase on our Third Monday Update later this month. Our current properties under contract have stayed fairly consistent with a slight drop in residential contracts in the past two weeks. Under contracts provide us with insight to what the market is doing, and going to be doing in the future. Many agents rely solely on Days-on-Market or recent sales, but these numbers simply tell us the past and can rarely provide insight into the future.
Let’s keep our fingers crossed as we still have some bright days ahead for us. Additional note, the extended marketing that I spoke to you about several weeks ago has just begun showing itself as productive. Since this is a relatively new approach, I anticipate we will see more positive results as we move through November.
Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR
Direct 828-406-2134
Marc White Real Estate, Boone Real Estate, Blowing Rock Real Estate,
Banner Elk Real Estate, High Country Real Estate, High Country Realty
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