Tug of war

We might have been getting ahead of ourselves.

Surely the rate cut dopamine hit hasn’t worn off already?

Has the market already reverted to where it finished off last year? Hesitant.

Well not for us at least.

We’ve had a remarkable start this year. 20 sales for Team Fetter/Sciola in the last 30 days.

We had one of our best Februarys on record.

We haven’t achieved this many “happy prices” for our vendors for some time.

Last year was more about sighing with relief than jumping for joy.

But this year we’ve had more high fives than consolatory handshakes. It’s been great!

However, I don’t think our team’s results are a true representation of the market.

If you ask around more broadly, in other markets, with other agents, buyers and sellers alike, most are taking a more measured approach.

Quiet optimism without being a true believer.

Has the market turned? They need more evidence, which is fair enough.

We’re in a tug of war between fear and optimism.

Trump’s tariffs and the Federal election and short-term economic uncertainty yanking in one direction; rate cuts and population growth and long-term demand and supply fundamentals pulling in the other.

Will we keep our feet and triumph, or stagger backwards and fall over?

Either way I know one thing for certain. We’re going to keep selling houses.

Just like we did in the GFC and the Royal Commission and the early days of Covid.

People who wait for perfect conditions get left behind.

That’s why my road bike has a thick layer of dust on it.

Hopefully, you’re more committed to your property plans than I am with my Lycra.

Let me know if I can help with your next move.

Feature Image: 1 Thanet Street, Malvern