Reply to I think the bubble is popping.

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Reply to "I think the bubble is popping."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Market is super slow right now. My friend listed her house and its been more than week and only 2 showings. Wow...never expected that it will slow to this extent.[/quote]

Totally normal for August.[/quote]

I believe that summer should be busy as people are ready to move before school starts.[/quote]

The school year is the main reason why the housing season starts in March/April, gets really busy May-July.  Most properties take about 30-60 days to close due to various things that normally happen (inspections/pre-inspections, appraissals, mortgage approvals, etc).  Then people want some time to move.  So most start the wheels in motion much earlier.  By August, it's past the wire for many people who want to be moved in and enrolling their children in school in August.  This is why August is the traditional month for realtors to take their vacations, the season has largely wound down by then.  The off-peak season starts up again in September after the kids start school and the secondary Fall season when people who are not as tied to the school calendar do their shopping. and September-October is the second slower wave for people who want to be done by the holidays.[/quote]

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