Happy Labor Day!
Labor Day is always met with open arms and a sigh of relief. Whether you are planning a weekend out of town, a backyard barbecue, or are tackling a project around the house you’ve been putting off, Labor Day signals the end of summer and the beginning of fall.
The U.S. Department of Labor explains that Labor Day is “an annual celebration of the social and economic achievements of American workers.”*
Labor Day was first celebrated on Tuesday, September 5, 1882, by the Central Labor Union. A few years later, President Grover Cleveland signed a law making it a national holiday in 1894.
This weekend, we have agents working open houses, showing clients listings, and signing listing contracts! Real estate is a year-round business, and it seems like the market is heating up.
At the beginning of the year, the median days to sell a listing hit over 4 and a half weeks — 34 days! Each month this year, the number trailed down, and the median number of days to sell in July was 12 days. This past month, August, was 13 days, just under two weeks to sell. These “days on market” statistics are reported for our big counties in Southern California: Los Angeles, Orange, Riverside, and San Bernardino.**
KALEO agents are immersed in real estate every day — reading articles, meeting with clients, attending training at the brokerage KALEO Real Estate Company — and our agents know that most of their clients are experts in their field, want to enjoy their weekends and free time, and they want a professional to handle the stress of selling their house or buying a new one. KALEO agents are that professional, and they would love to talk with you about any of your real estate questions or scenarios you are facing.
As always, text, call, email, or message us on social media. We are your REALTOR!
Source:
*https://www.dol.gov/general/laborday/history
**CRMLS Residential, Median Days to Sell 08/30/23
