2 minute warning before halftime

Yes, its a stupid football reference in June and as it’s the 26th of June, we are just days away from completing the first half of 2012.And that matters because I (and many others) have been saying for a few months now that 2012 will surpass each of the last 5 years in terms of sales volume and activity.  I hope I am correct!  Not as a sense of pride but as a participant in the real estate industry, helping sellers sell and buyers buy.  April was a fantastic month – best single month in almost 5 years, while May dropped back a bit, but was still strong.

Funny that some of the data  services are printing how April was so much better than March and the headlines say that home prices are going up in 18 of 20 markets measured.  Guess what?  None of those 20 measurements were taken in NM.  Oh well.  What will the headlines read in July when the May data is being compiled and analyzed?

The weakness with sensational headlines about home prices going up (for one month it says in fine print) is that the longer term view is ignored. So how is one to really know what is going on when sales are up and then they are down?  I prefer the long perspective and remove the volatility of the monthly roller coaster.

If you mark your calendar for about July 10th, make a note to come back for another site visit and see what the numbers reveal for the first 6 months of 2012.  I still feel very good about the trend direction and YES, it is still going to be a long slow recovery.  Are you with me?  Call if you have some property you’d like to wheel and deal on.  You would look good in a seller’s hat OR a buyer’s hat… or both.

Posted in Santa Fe area real estate and tagged , , , .

The writer is a 68 year-old young man engaged as an active REALTOR (associate broker) with Keller Williams, in real estate sales and management in the Santa Fe NM market area. My career has been in and around the real estate industry for more than 35 years, ranging from mortgage lending (interim, commercial, residential); residential property management and leasing; shopping center development and leasing; real estate sales; sales training; title insurance as an executive and an escrow officer; various management positions; consulting and other related activities. That plus a bunch of banking experience including our family-owned Bank of Santa Fe in the 1980s. Where has the time gone?
My background means you have my working knowledge of the entire transaction process at your disposal. That comes with honesty and no bullshit.