What are normally the coldest weeks in the real estate market are this year much warmer than normal, just like our weather. We’ve seen huge year-over-year increases in Pending Sales for months now but the weeks ending 12/17 and 12/24 saw 48% more accepted purchase agreements than a year ago. Those are numbers you just can’t ignore. If/when the temperature drops will we see less buyer activity? Time will soon tell… if buyer activity does fall then some of this can be chalked up to just the weather. If it does not, this signals what could be a fundamental increase in buyer demand moving forward.
