Thursday, February 01, 2007
A good January.
January proved to be what we predicted on the show: A start to the return of our strong market. With sales up in our company, and indicators positive market-wide, many homes moved in January. More importantly, buyer activity increased drastically. Our Weichert Lead Network (which is usually a six month indicator in advance), reported the strongest month ever of buyer inquiries, with more than 105,000 people per day. And the "pinned up demand" seems to be accurate. Buyers have been waiting while rates are historically low. We are still looking for a mid-year mini-frenzy in the Tri-County area which points to an improving and stable second half of 2007 and early 2008.
