Thank you for taking a few minutes to peruse my newsletter. If anything here interests you, give me a buzz, and we’ll talk in more detail over coffee!
Housing Market Forecast
What have you been hearing about the real estate market? I bet I don’t go a day without hearing someone talk about how it’s completely different than it was earlier this year. Not so fast, I say!
It is true that average days on the market are up slightly and that inventory has increased. Nonetheless, every one of the projections shown above calls for growth. That’s right. We have every reason to believe that your home will be worth more next year is this year. All the experts are debating is how MUCH more. In Eugene-Springfield, FHFA statistics show that appreciation for 2022 through quarter 2 is 9.2%. That’s the 5th highest appreciation we’ve seen in the last 20 years. Does that sound like a market crash?
Breathe deeply. The sky is not falling!
Our baby boy got to play ring bearer at a dear friend’s wedding last month. His mom had him looking super sharp, bowtie and all. Lindsay also designed and sewed the bride’s wedding
dress. It was an absolute masterpiece. Check social media for pictures! Joe’s first wedding appearance was followed by his second plane ride. He is lucky enough to have 3 great grandparents, and this trip was to spend time with 2 of them for the first time.
For most of this year, I have been working on a rebranding project with an incredible graphic designer named Veronica Nelson of Supernova Creative Studio. One of the things that she has been creating for me, along with the talented folks at UplinkSpyder, is a new website.
I’m thrilled to announce that it will be launching this month, perhaps before you read this newsletter! We endeavored to create a website that would be a valuable resource to you, my friends, and my clients. I hope that you will test it out and give us feedback!
Sellers, Don’t Despair
It is true that buyer demand has moderated and housing supply has grown in recent months. But inventory is still lower than demand. Eugene-Springfield we currently have 1.1 months of inventory. Remember, a balanced market is six months of inventory. The latest national data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers, and 39% sold for more than the asking price. You haven’t missed your opportunity to sell. Give me a call, text, or email, and I’ll be happy to consult with you whenever it fits into your schedule.
Buyers, The Competition is Decreasing
I know I just finished saying that it’s a seller’s market, and it is. That doesn’t mean it’s all bad. The competition is on the decline, so don’t lose heart. If you’ve been frustrated with your shopping experience, the future is getting brighter.
2022 is shaping up to be a banner year. In fact, August was the biggest sales month of my career, just narrowly beating out March of 2020. I am so incredibly grateful to you and all of my clients for allowing me the opportunity to be of service. It is fascinating and humbling that I have had so many opportunities in the face of a pandemic and uncertain economic events on a global scale. Thank you!
Special thanks are in order for Lindsay, for being such a stabilizing force in my life and for taking care of our son and me so that I can focus on our business.
Additionally, I am so grateful to Larry Kendall and his amazing Ninja Sales staff for “installing me” this year and keeping me hungry to learn and grow as a professional. Thank you to Pam Cass and my Mastery Group for the education, collaboration, and support. Thank you, Natalie Davis, for the incredible coaching. Your guidance and tutelage is a major factor in my
success. I wouldn’t be the broker I am without you!
Join the team
One of the goals that I set for myself this year is to find a personal assistant to help me with the mountain of work that happens behind the scenes. I have so many ideas for ways to improve upon my systems that I really need someone to share the workload. If you have any suggestions for someone who you think would be a good fit to join my team, I’d love to hear your recommendation. I’d like to bring someone on before the end of the year.