What is going on with real estate?

As we enter a new year of real estate sales, the saying “what a difference a year makes” can not be more true!

From 2020-2023, we saw the real estate market explode with sales. Home prices skyrocketed and we were submitting multiple offers on properties, sometimes within days of the listing. On one of my listings, I received a call when my sign went up before we even went live! We kept it live for 4 days and received 33 offers! Things were so busy that agents began flocking into the market and were set lose to help clients buy and sell homes. Most of them didn’t receive any training but relied on their transaction coordinators to handle the details. Needless to say, with the slow down of 2024, most agents have exited the business. We call that a purge and sometimes that is necessary to ensure the integrity of our market.

I believe agents who receive foundation training when they start are so much more successful and can sustain the ups and downs of this crazy real estate market I’ve been in since 1986.

I look forward to a great 2025 serving my clients, students and community!