Did October move the needle on anything....

[Kenny Smith]

🏡 Did October move the needle on anything....? 🤔

✅ Total Actives - 12,056, UP 6% year over year

✅ Median Home Price - $585,000, FLAT year over year

✅ Number of Sales - 3,312, DOWN 4% year over year

✅ Expireds - 1,756 UP 27% year over year

✅ Pendings - 3,476, UP 3% year over year

Looking at the final October numbers, no real shake up with the trends.

At this time last year, we really started to see inventory increase. So besides expired listings, the numbers are very in line with what we saw last offseason.

Pendings, which tracks buyer activity, was the stat I was keeping a close eye on the last couple months since rates have dropped, but it really hasn't developed into a trend.

With mortgage rates yo-yo'ing down and then back up, that small increase in pendings was more of a blip on the radar. 📈

❌ Now with the government shutdown, the scheduled jobs report that was supposed to come out 11/7, will now be postponed, causing further uncertainty with where things are at from an economic standpoint....😮