One of the hardest things to do in the middle of a busy selling season is to plan the next season. Some planning should be given to the big trade show coming up in the fourth quarter of 2018: the Triple Play Convention and Trade Expo.
The Triple Play Expo this year is the largest real estate convention and trade show of its kind in the United States. It will take place in Atlantic City, New Jersey this year from December 3rd-6th.
From all of the projections, the strong market is expected to continue into 2019. The numbers are proving this out. Even though some of the hot markets are slowing down or even going flat, New Jersey is maintaining its momentum. According to the New Jersey Realtor website, in all categories for the first 6 months of 2018, there has been an increases: new listings, pending sales, closed sales, median sales price, and average sales price. Another important metric that has been positive is the length of days on market. The average days on market fell 12.2% to 65 days, and in the month of June 2018, the average days on market fell to 55 days, which is a 15.4% reduction from 2017.
With the convergence of these positive trends, an industry event, such as Triple Play, can prove to be a significant opportunity when laying the groundwork for the future sales funnel looming in 2019.
In an especially strong market, it’s to everyone’s advantage to pursue those networking functions that afford one-on-one interactions. The Triple Play Convention this year will give Realtors, loan officers and attorneys the opportunity to meet face-to-face with the possibility of resulting in leads and referrals.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.