An eerie quiet settled in a couple of weeks ago. Realtors here in Sullivan County often point to an August lull, but if its the seasonal lull, it started early. (August is generally a slow month because of end of summer vacations the first couple of weeks, and the ramp up to getting the kids ready for school the last couple of weeks.) I’m fielding some calls and emails asking about properties, but have had very few appointments. A few calls in the last couple of weeks have been from folks looking to head up at the least minute to look at properties — without much preparation or advance notice. In my experience, that tends to indicate more casual looking rather than serious buying interest.
Whenever I mention to colleagues that things seem very quiet, I usually get the response, "David, you always say that, and then in a week or two, you’re out of your mind busy." But I gotta say, this feels different. Its July (now August), when we typically see a fair amount of buyer traffic. For the past few weeks, real estate has been at the top of the news, and that news hasn’t been great on a macro national level. The stock markets have also been unsettled. With a lot of uncertainty in the air, people may just be holding and waiting.
But whatever the reasons, the weather’s been great and the phone ain’t ringing.