Slow Day for Broker Tour
It's not very scientific, but a quick way to gauge how busy the local housing market is any particular week is to pick up the list of homes on Broker tour each Tuesday (sort of like the thickness of newspapers and magazines used to indicate how strong advertising was -- and by implication, the broader economy).
Broker tour is when all the new listings are available for Realtors to check out. Usually, the printout for Minneapolis and the west suburbs is 30-40 pages; today, it was just 17.
If you have a home about to go on the market, you probably want to wait till everyone's back from vacation and actively looking . .
Tuesday, July 7, 2009
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