🌞 Steadying Summer Market?

The 2021 Real Estate market has been booming – there is no question about that.  However, over the past several weeks – we have begin to notice some trends.

  • Listings not selling in 3 days it may take 1-2 weeks
  • Buyers only competing with a few other offers vs. 12+
  • Even in some cases, being the only offer

Our lead data nerd 🤓Lisa Kapsner-Swift, was able to track down some very relevant data from ShowingTime – the main resource Realtors use to schedule showings.

This graph charts the number of showings on average month over month.  For the first time in 3 years, we are seeing showing numbers decline from the previous 2 years.  Right under the box with the details, we actually see the lowest dip for this time of year in the past 3 years – this dip just so happens to coincide with Memorial Day.

With the Country starting to open up again after a year of uncertainty and shut down due to COVID-19, people are starting to take vacations again, see family again and do “normal” things again.  Holidays actually mean something in Real Estate again.

So what does this actually mean for Buyers and Sellers?  With a decrease in showing activity, the natural result of that can lead to a decrease in competition.  This then can help improve a buyers chance to winning with their offer.  Price and terms are still huge determining factors in winning a multiple offer, however, maybe the competition is not as fierce.  Homes that priced well in desirable locations will generate a ton of interest because of the buyer pool that has been waiting and waiting to get an offer accepted.

With the 4th of July 🎆right around the corner, it will be interesting to see what narrative the numbers tell us.

 

About the Author

Travis has an obsession with customer service and doing things right. He takes a great deal of pride in ensuring that everyone that works with The Korby Home Team to have a A+ experience. Travis is constantly updating, creating and implementing systems and processes to ensure no detail is missed and the Team’s service is second to none.

Processing over 1,100+ transactions (and counting) in his career, there is a not a lot he has not seen or been able to solve. Travis helps handle the day to day operations of the Korby Home Team such as scheduling appointments, client coordination, transaction management, systems management, team management, technology trouble shooting, and data tracking. 

Travis also has a passion for giving back. Travis helped to coordinate with past clients, current clients, vendors and team members a Feed My Starving Children packing session that helped feed over 100+ kids for a year! For the past 10+ years, Travis has also been involved in local MS events. He has helped raise money for the MS Society by participating in the MS 30/60 and 150 bike ride as well as MS Mud Runs. 

Travis will be the first to admit that he is still a “Meat Head” at heart and is always willing to lend a hand “Lifting Heavy Things.” In 2013, Travis completed his first Tough Mudder 10 mile event and is proudly a member of the “Finisher” group. In 2016, Travis did his 2nd Tough Mudder event and is now part of the Tough Mudder Legionnaire.  Travis has also completed a half-marathon and has his eyes set on a full. 

Travis graduated with a Bachelor of Science degree from Mankato State University in Physical Education and a minor in Corporate Community Health and Fitness. Shortly after graduating from Mankato State, Travis worked as a personal trainer. Travis learned the importance of treating others with respect, care, honesty, integrity and most of all, putting clients first. After working as a Personal Trainer in the health industry, Travis began his career in Real Estate in 2005. He instantly loved the complexity and challenges involved in buying or selling a home.  Travis later went on to write a book on how to build and operate real estate systems with contact management software and teach classes to other agents and administrators around the Twin Cities.  

Travis grew up a life long resident of White Bear Lake and graduated from White Bear Lake in 1999. 

Travis is a current resident in Hugo and currently enjoys spending time with his wife, Amy and his three girls, Madi, Kaylee, Lucy, and son Max.  In his free time (if there is such a thing with 4 kids), he enjoys nerding out playing Magic the Gathering, watching and playing football, reading, and running.