Connecticut Real Estate Agent: Are We Due for A Market Shift?

Most real estate experts are predicting a major shift in the marketplace over the next one or two years that will signal an overall downturn. My opinion, however, is that our local market will not be affected by this. On a macroeconomic national level, the shift in question applies to areas that have experienced appreciation, more inventory movement, or low inventory. We don’t have any of those problems here. To learn more about what to expect from our local market in relation to the shift, watch this short video.

ABOUT:
I have always loved real estate, but not how the business of real estate worked. After five successful years in the business I realized it was time to change how consumers experience the entire real estate transaction. With that in mind, “The Around Town Team” was born. Our focus is simple: provide honest and timely service, superior and tangible marketing, and always guide our clients based upon real-time data and statistics. It is our sincere hope that this transparent approach will bring a sense of calm and clarity to the closing table.
Education and Training
I received my B.A. in Politics and Speech Communication from Ithaca College and earned my Masters in Public Administration from the Rockefeller School at SUNY Albany. I am of course a fully licensed real estate agent in the state of Connecticut and a proud card-carrying member of the National Association of Realtors, Connecticut Association of Realtors, and the Newtown Board of Realtors. My network of Realtors expands throughout the United State enabling us to place you with capable professional in the event that we can not serve you directly.

Andy Sachs
The Around Town Team
Newtown, Connecticut
Phone: [phone]

TRANSCRIPTION:
A few weeks ago, I was honored to participate in a panel of real estate professionals and speak in front of about 100 other local Realtors. During that conversation, we were asked questions about the shift in the market that many experts are predicting over the next one to two years.

Most predictions say that this shift will be another downturn in the market. My opinion is that it will not affect our general market area. Why?

On a macroeconomic national level, the shift applies to areas that have experienced appreciation, more inventory movement, or low inventory. We’re not having any of those problems here.

Just like every other month, I expect our market to remain flat. The one thing I want to caution about regarding the shift, however, is how it impacts the perception of buyers on a national level. Buyers are going to come into the market reading national publications and watching the national news thinking that our market is down as well. Therefore, they might try to lowball the sellers in our area.

We have to combat that with hard statistics. Make sure your agent is educated and is educating you on what the data truly says. Don’t let perception become reality.

If you have any more questions about the market or are interested in buying or selling, please feel free to give me a call or send me an email. I look forward to hearing from you!