Hey Friends!
I’ve got 4 fun facts for you today.
I was at a small neighborhood gathering the other evening when a neighbor asked the classic question: “How’s the market?” Before I could answer, another neighbor jumped in with, “Oh, it’s a buyer’s market for sure!”
“Well, that depends on how you look at it—or where you’re sitting at the table,” I replied.
The quick-answering neighbor didn’t love my gentle correction, so we wisely moved on to the topic of football. 😄
More on the actual state of the market below. Have a great weekend!
Blessings!
Andrew
Fun Fact 1: Are agents using “Coming Soon” status a way to generate interest to SELL a property for their clients or to gather interest to SIGN new buyers? Or is this a way for agents to lure buyers into double-end deals? (This means one agent handles both sides.)
19 secret shoppers posed as buyers without an agent for a recent study. Only one was asked whether they had one, three got an explicit offer of representation, and none was asked to sign a buyer agreement. Eleven offered a tour and three more hinted at representation.
This is not a huge sample size, but nonetheless, it gives you a unique insight on all the different ways real estate agents operate with coming soon communication.
Source: Mike Delprete report from secret shopping of Compass listings on Redfin, May to September 2026
Fun Fact 2: September closed with 1,277 homes under contract, the lowest in 5 years but only slightly behind 2023 & 2025.
Source: elevate mls stats
Fun Fact 3: September closed with nearly the exact same days on market as this time last year at 53 days. Reminder that 30-60 days on market is typically viewed as “balanced”.
Source: elevate mls stats
Fun Fact 4: Over a 20-year span since 2003, there has been an inflation of movie critic scores. As the title suggests, do movie scores even matter anymore?
Source: Kaggle – RT data via Andrea Villa, Metacritic via Davut Bayik
Quote I’m pondering:
“It’s not what happens to you, but how you react to it that matters.” — Epictetus
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.