Wed 14 Nov 2007
Is this a “dead cat bounce”?
Posted by Kendyl under Northwest Glendale, Stats and Numbers
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
My apologies to cat lovers everywhere, but this phrase has been bandied about a lot lately, I couldn’t resist.
A “dead cat bounce” refers to the old joke that “even a dead cat will bounce if it falls far enough”. This week, people were referring to the stock market.
So, what am I referring to? My business, of course. In the past 3 weeks 2/3 of my listings have sold and I’m working on offer for one more. The past 2 or even 3 months I took listing after listing and wasn’t getting bupkis! So, I have to ask, is this a recovery from the “normal” to “stale” market that we’ve been in or am I deluding myself with a dead cat bounce?
Well, what are other possible explainations? One is the venerable “vacation effect”. This is the phenomenon where the miniute you go on vacation all sorts of business happens. Listings sell, buyers buy and new business comes through the front door. This effect is so widely acknowledged that Real Estate trainers everywhere advise agents to go on vacation when they need business.
I was on vacation for two weeks (China. It was wonderful, thank you for asking!). It could be that…
8 homes have entered escrow in the past 3 weeks. That is right on track with what we’ve been doing for the last 3 months. So I guess my cat is dead. Hurry, list with me now before my vacation effect wears off!





