Home Sales Are Down Nearly 20% — Now What?
You may have seen the headline: home sales this October came in nearly 20% below where they were a year ago. It sounds dramatic — headlines are built to — but a slower pace of sales isn't the same as a market in trouble, and it doesn't play out the same way in every neighborhood.
If you're buying, a cooler market is genuinely good news. Fewer buyers competing means more homes to choose from, less pressure to waive everything just to win, and real room to negotiate on price, repairs, and terms. The frantic bidding wars have eased, and that works in your favor.
If you're selling, don't let the number rattle you. Well-priced, well-presented homes are still selling — the difference now is that price and preparation do the heavy lifting a frenzy used to. Whether it's the right time to make your move really comes down to your timeline and your area, and that's exactly the kind of thing I love to talk through. Reach out anytime.
Scary Headlines? Here's What Sellers Should Know
This time of year the real estate headlines can read like a horror story — prices, rates, and sales all “down.” But a national headline is rarely your local story, and one scary number can't tell you what your home is actually worth in your neighborhood today.
The fundamentals haven't changed: a home that's priced right, shows well, and is marketed properly still draws buyers, even in a slower season. What hurts sellers isn't the headline — it's overpricing and hoping, or sitting on the sidelines waiting for a “perfect” market that never quite arrives.
If the news has you second-guessing a move you really want to make, let's look at your situation specifically — your home, your timeline, your goals — instead of a scary number on the evening news. That's a conversation I'm always happy to have.
Featured Listings This Week
- 1867 Lincolnshire Drive, Rochester Hills
- 34338 Jefferson Avenue, Harrison Twp.
- 4071 Chevron Drive, Highland Twp.
- 322 E. Harrison #4, Royal Oak
- 1689 Brentwood Drive, Troy
- 1720 Westbrook Drive, Madison Heights