Average Price ⬇️ 14.3% from 2017 but ⬆️ 14% from 2016! Pretty sure we all know which direction the market went if we compared 2015 👀
I show this to give some perspective on the overall picture. The media is always so quick to jump on the click bait headlines like “Market Plummets Over 14% In 1 Year!🚨💣” but I guess it’s because we’d be sleeping if it read “Market Falls From Record Highs, But Still Strong (AF)” ...I may have freestyled a bit there 😅
I’ve had many people reach out to me panicking and tagging me in articles about how the market is crashing, but very few articles I’ve seen in the last couple months have substantial data in them. They usually point out your typical Y.O.Y Sales and Avg Price, but to understand what’s going on and what it means to YOU, we must dive deeper into historical trends as well as the micro markets for your particular situation.
TLDR: Look beyond the headlines and ask deeper more meaningful questions on how YOU are affected by the current market conditions. .
Tag/Share with your panicked friends (and tell them everything will be okay ☺️)