What Do Worsening Real Estate Conditions Mean for You?

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October is in full swing here in San Diego, and it's starting to get a bit chillier outside. Does this mean it's the slow season for real estate? If history is any indication, we're probably going to see the number of home buyers decrease.

The other day, I was reading a great article that mentioned that August signaled the end of the home buying season here in California. We're seeing more listings sit on the market for a longer time and sell for a bit less money. Historically, it's nothing to be concerned about this time of year. However, when taking a look at the amount of inventory with new construction and the national and international economic uncertainty, it's starting to look like the market is making more than just a seasonal shift.

I was talking to Gary Keller recently and he said to look out for a surprise in the market over the next 6-8 months. This brings me to the next thing I want to remind you about: The Shift Book. Gary wrote it back in 2007-2008, and it really taught our agents how to thrive when the market changes. We can't know for certain whether the market is going to change next year, but we do know that the market will change eventually.

To get a bit more information about The Shift Book, click here! Pick yourself up a copy if you want to learn how to stay on top even when the market shifts!