Calendar Confusion
Edina Realty – City Lakes has eight homes on today’s Broker Tour (that’s a lot).
And it’s not just my office: the list of homes on tour, market-wide, is more characteristic of March or April, not early August, when things are typically slower.
That’s good news for Twin Cities Buyers, less so for Sellers, who have less margin to overprice these days.
MSM Lag Time; Inflection Points
Realtor conventional wisdom is that the Mainstream Media (“MSM”) trails the housing market “facts on the ground” by 4-6 weeks.
I think that’s mostly right.
However, when there are major market shifts — like from a Seller’s market to a Buyer’s market, or vice versa — I think the gap is longer.
One side effect: the disconnect between agents and their clients’ expectations is biggest then as well.
