Monday, June 20, 2011

THE CRAZY MARKETPLACE OF MARCH / APRIL 2011

THE CRAZY MARKETPLACE OF MARCH / APRIL 2011
Wherever people realise I am in real estate these days, they immediately want to know “How’s the Real Estate market”.
This is usually asked in the hushed tones normally heard before the start of The Death March.
I am currently telling them;
We had a good month in March and an exceptional start to April, in fact we sold 15% more in the first 14 days of April than in the whole of March, which as i said was a good month.
People are looking for signs of a turnaround, as confidence is low everywhere according to the popular press.
After 27 years in the business I need to see 3 months of consistent change before I will say it is a trend.
We have already had November, December and the first week of January look like a long term change only to go quiet.
The only thing I can predict with certainty is that sellers will pick up the trend before buyers and they then become less negotiable.
That is why it is important that buyers buy prior to the trend change, to buy at the best possible price.

Ross Cutten
Owner / Director
Noble Real Estate

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