Momentary Lull?
The word amongst local Realtors — corroborated by what I’ve seen personally — is that Buyer activity for mid-September seems to be unexpectedly low.
That means fewer showings for Actively Listed homes, which means fewer deals in the transaction pipeline — and ultimately fewer closings later this Fall.
The various theories I’ve heard: 1) Buyers are distracted (by football — and football-related controversy); 2) Buyers are nervous (about the economy, interest rates, etc.); 3) Buyers aren’t AWOL — they’re just busy checking out new and remodeled homes on the Fall Parade; 4) Minnesotans are taking advantage of the beautiful Fall weather (while they still can); and 5) all of the above (my pick).
P.S.: Anyone out there know how busy the Fall Parade has been?
