July was an amazing month for real estate, August is looking to be even better. We’ve about made-up in sales volume for the COVID-dip, and every indicator says August is going to be a banner month. Unless the election has more of an effect on the market compared to other election years (and the effect is noticeable), 2020 will actually have a higher sales volume than 2019. Despite millions of people out of work, low interest rates and mass migration to DFW have helped us beat the odds.
While it’s a hot market, it’s possibly the most emotional real estate market in history. It’s absolutely maddening. I don’t blame people… between COVID, the heat, low inventory and the politically charged climate of an election year, it’s no wonder everyone is on edge. In previous years I wouldn’t have put much credence in back-up offers, but we’ve seen many contracts fall through in 2020 and many of them are due to buyers and sellers having personal issues with one another. We’re earning our money as Realtors, and in all honesty, this is exactly what the market needs to thin the herd of flippant agents.
I think I’ve mentioned before that I’ve picked up disc golf again after a 20-year hiatus (thanks to my great friend, Chad Lasseter, for helping me rediscover it). Frankly, it’s been a Godsend. It’s a great excuse to get outside and soak up some sun, allows you to be as serious/casual as you like, and is both less expensive and less physically strenuous on the body as regular golf. I never realized just how indoors-oriented I’d become until I started spending several hours outside at a time, and it’s really nice to actually be adapted to the summer heat. Don’t get me wrong, a 107 degree heat index is a sweaty experience, it’s nowhere nearly as oppressive as it has been in previous years. For anyone interested, there are dozens of courses around the Metroplex, and it’s just a fun, laid-back time. Anyone feel like throwing the disc some weekend, just let me know!