September 2024: Moving the Needle
I’m a data junkie; I’ll admit it. Knowledge is power, so I’ve spent a lot of time analyzing historical trends to understand where the market is going and guide my clients’ investments. But when it comes down to it, what matters most—more than past price points and data predictions—are market expectations. Just like the stock market, the real estate market is in constant flux and your pricing strategy has to meet the market where it is. No matter how lovingly staged, expertly marketed, or constantly shown, in the end, it’s your listing price that will move the needle. If you’re a seller, the good news is that you’re in control. Set a good price (one based on the current market and not your neighbor’s aspirations), and you’ll get the deal done.
And for those of you keeping tabs on the NAR settlement which made some changes to how buyers’ agents are getting compensated, we will keep you posted if/when those changes come to NYC. REBNY (which governs our area) has yet to opt in or out. Stay tuned!
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PS. 100% of our business in 2023 was from referrals and repeat clients!