Colorado Springs Realtor - Cherise's Blog: Colorado Springs Realtor – Keep Your Paths Straight in the Market

Colorado Springs Realtor – Keep Your Paths Straight in the Market

 

Many of my blogs are written for the consumer in mind. So if some of what I report from the National Association of Realtors seems redundant for any Realtors® who read my blogs, then I profusely apologize for any inconvenience.

Lawrence Yun, NAR chief economist, reports that May 2010 closings nationally (single-family, townhomes, condominiums and co-ops) are 19.2 percent above the 4.75 million-unit level in May 2009.

To me, this is solid news about steady sales though there are obviously some residual sales from the homeowner tax credit that expired on April 30th. Although the tax credit provided increased consumer confidence, and thus, sales spiked upward during the first quarter of 2010, there have been some concerns about continued housing projections throughout the rest of this year. Yun said he expected to see another month of elevated home sales, but has not made any further projections.

Personally, to follow all of the prognosticators about our economic markets is absolutely nerve-racking and unrealistic. It feels like walking a tightrope on a double dose of Prozac, though I haven’t attempted either.

Over the last two weeks, ever since I returned from Laguna-Nigel, it’s been unseasonably slower, though I’ve personally sold nearly 7.5 million in closed transactions so far this year (not bragging, just giving an idea about local sales numbers). Nonetheless, over the weekend, my phone has rung off the hook, giving the impression that all is well in the Colorado Springs Real Estatemarket.

Not too fast, as a Colorado Springs Realtor, I know it is best not to follow my emotions in this market. From what I can tell, we’ll probably see a few months of surging sales, followed by a few months of slumping times, and the undulating (back and forth) trends will probably continue to repeat.I recommend remaining steady on the course to maintain sustainability in this rolling market.

Feel free to contact our Colorado Springs Realtorsat Selley Group Real Estate, LLC:

2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

Comment balloon 11 commentsCherise Selley • June 28 2010 06:31PM

Comments

Cherise, that is great that your phone is ringing off the hook and that business has been steady for you!  Hard work pays off.

Posted by Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate (REALTY WORLD-Harbert Company, Inc.) almost 10 years ago

Hi Cherise - A "rolling market" is a great way to describe it. I'm just hoping we can continue to reduce the numbers of distressed homes through the rest of the year.

Posted by John Novak, Henderson, Las Vegas and Summerlin Real Estate (Keller Williams Realty The Marketplace) almost 10 years ago

Hey girl.  Glad to hear that your phone is ringing.  You are being blessed through your obedience.  Love to you both.

Posted by Paula McDonald ~ GRI, Granbury, TX 936-203-0279 (Beam & Branch Realty) almost 10 years ago

As much as I respect Lawrence Yun, I have to agree with your analysis.  The market is and always has been up and down--there are periods each year that dictate when the buyers are out in different areas--seasonal for vacation (second-home) selling areas; slow summers because school's back in session in the more metropolitan areas and slow Decembers for most due to the holidays.  We have to be flexible and go with the flow of buyers and sellers and this market is no different.  There is and always be buyers out there--you just have to market a little harder in some markets (like this one)!

Posted by Debe Maxwell, CRS, The right Charlotte REALTOR! (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) almost 10 years ago

I think the 2nd half of the year will be completely different than the 1st - UNFORTUNATELY!

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) almost 10 years ago

Bill,

I completely understand your take on things!

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 10 years ago

Thanks Heather...

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 10 years ago

John,

Fortunately we don't have as many distressed properties as Vegas, and I concur with you.

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 10 years ago

Paula,

We've definitely had some divine help.  I don't think many really understand this...

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 10 years ago

Debe,

I always welcome your comments because I see the wisdom behind your experience.

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 10 years ago

There will always be market projections and forecasts, some positive and some negative. I think that we are able to determine our own success in this business. Keep a positive attitude, work our sphere, try new marketing tactics, be open to change, and work hard. Way to go on your sales this year!

Posted by Gretchen Karr, Realtor (Berkshire Hathaway Homesale Realty) almost 10 years ago

Participate