Home Sales Finally Recover From Gov't Shutdown

In December, I wrote about how the Government shutdown had seriously affected home sale trends in Weber County.  After watching the market for the past few months, it has been interesting to see how its effects have lingered.  Here is today's chart showing the impact that event had on the real estate market:

After a two year run of solid sales increases year-over-year, the government shut down pushed sales into 20% slump during November.  The shock waves from that event carried forward and we are just now again returning to the cusp of sales growth.  Fortunately, the early numbers indicate March will see a positive growth figure.

In our second chart, you can see how the increase in sales of the last three years has leveled out with the recent month's performance coming in below last year's numbers.

So, gratefully we can put this event behind us and move on to a much anticipated busy summer selling season.  Meanwhile, we can hope (there is always hope) that there are no further palpitations from the Federal government when it comes to making payroll and keeping its finances in order.  

If you have any real estate needs, CONTACT ME, and lets make your next real estate experience a positive one.