Are you ready for a downturn in the market?

They say what goes up, must come down. (posted in 2019)

We’ve been in a pretty stable (and pretty great) real estate market for some time now, but as I’m sure many have noticed over the last year or so things have started to shift. Listings are starting to stay on the market longer and are not generating as many offers.

Average time to sell is up in a lot of places and average price is levelling off or going down.

My question is this: Are you ready for a downturn in your market? What are you doing to prepare yourself, your team or brokerage?

They say market share is often gained in a down market. What is your strategy, and have you already started implementing?