Chicago Market Activity for The Week Ending 12/7/08

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Services for Real Estate Pros with Concierge Auctions

The past week's market activity shows that there were 515 transaction sides in the city of Chicago for the 7 day period ending 7 December 2008.  The total sales volume for the week was $195,019,021. 

The numbers have remained fairly consistent since the beginning of November.  Fannie Mae anticipates that on a national level the number maybe down slightly for Q1 and Q2 of 2009.  We can only assume that the same will be true on the local level. (See Fannie Mae forecasts @ http://www.fanniemae.com/media/pdf/economics/2008/Housing_Forecast_111008.pdf)

I make this point for a couple of reasons:

•1)      Today's activities are Q1 & Q2 sales.  It is more important today to go back to basics. 

•2)      Remember price is King!  The homes that are selling are the homes that are priced right.  Give your sellers current market information.

•3)      If you are waiting for the "good ole days", remember hope is not a strategy.

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Rainmaker
259,444
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Dec 08, 2008 11:43 AM #1
Rainmaker
633,429
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Jeff - great first post!  Market reports are always helpful in getting the word out that things aren't quite as bad as the media would lead us to believe.  This is a great service for your clients (and future clients!)

Dec 08, 2008 08:12 PM #2
Anonymous
Anonymous

 

Hey Jeff, and Welcome to the Rain!

Kevin Sandridge, here. I'm honored to be the first to post a comment on your blog!

I joined the Active Rain community not too long ago myself and wanted to drop a line to share some of the good vibes and welcome wishes I have received already.


A Bit About Active Rain

I'm very excited about this community - basically because folks seem so willing to help out, provide industry insight, and share their good news and experiences!

When I started out on Active Rain, I felt a little overwhelmed.  I hope the following points and suggested sites will help bring you into the mix!  Just my way of saying that I'm glad you're here.

-------------------------------------------------------------------------------------------

One:  Be sure to include a good amount of information on your profile page.  Check out the profiles on other Realtor's sites here on Active Rain who are listed as "Featured" or "Tops" in their area (look for high point totals).  You'll find that this will seriously boost your presence on ActiveRain - via the added points. 

Two: I urge you to keep blogging on this site!  You will be AMAZED at the awesome feedback you receive very soon after they hit the network!  I use Google Reader to subscribe to blogs that provide me with ideas about what I'd like to comment on - both industry wise and just for fun!  Check it out I am more than willing to step you through the site and to help you get a few more blog posts generated if you wish - as a way of adding some value and paying forward some good networking vibes!  :)

Three: Be sure to add in a good number of posts about what you think and consider pertinent regarding your area of expertise!  You'll notice that many if not all of the Featured posting bloggers here on AR do this.

Lastly, I do quite a lot of work via social networks, email campaigns, and relationship building.  If I can ever be of any assistance, don't hesitate to ask.

Here are a few great sites to visit (some of my favorites).  If you like the information they provide, be sure to let them know I sent you!

Looking forward to what you'll share with us here on Active Rain!  :)

Blessings,

Kevin Sandridge
Winter Haven, FL


 

Dec 09, 2008 12:18 AM #3
Rainer
14,236
Maria Tascon
Keller Williams Realty Spartanburg - Moore, SC
Spartanburg SC Short Sale Specialist

Hi Jeff, 

Welcome to Active rain and congrats on your first post.  There is so much to learn here.  Make sure your block few minutes every day to learn from others and to share your knowledge.

Maria Tascon

Dec 09, 2008 10:13 PM #4
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Rainer
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Jeff Castner

Luxury Real Estate Auctions
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