Is the horse market beginning to "correct"?

[cyanskies]

The pandemic made pony prices skyrocket, and horses were flying off the shelves like hot cakes. Now, I see some really nice horses being advertised and staying up for sale for long periods of time. I assume it’s due to the explosive cost of everything. The irony is, of course, that that means that horses are more expensive to produce for the seller, but everyone starts selling, so the price goes down.

Even people who I rarely, if ever, see selling, are advertising publicly, and not getting anywhere near the responses I would have expected. Of course, I can’t see their social media DMs, just the public comments/shares, but it’s not super promising.

I’ve been considering selling 1-2 horses recently, probably for the same reasons everyone else is. Not only has everything horsey gotten way too expensive, but the non-horsey things in life are getting more expensive too. But I won’t sell them to just anyone, or for less than they are worth, so I don’t know if it’s even worth trying.

I have a few foals coming this summer, but I’m not sure I’ll be breeding the mares back again if it stays this way.

[luvmyhackney]

It’s winter.
The market always slows down. Come back in April and everyone wants to ride in the gorgeous weather.

I haven’t seen many nice horses that are priced correctly sit for long.

[spotnnotfarm]

I ride cowhorses and I have recently noticed some really nice ones sitting longer than they had been. I am also seeing prices come down a bit. The last few years, I was not seeing anything good under $60K… Now, I am seeing some nice ones around $40ish… I think there is a bit of a correction, not drastic but a bit.

[outerbanks77]

Yes, I’ve seen more “price reduced!” notes on ads lately. I’ve had a horse casually for sale, and feel where I priced her in the fall is a bit high now, but not by much. So I’m just sitting tight and not advertising until show season, but would come down on price if a buyer turns up via word of mouth.

[WildGooseChase]

Around here, horses that are listed for long periods of time are not being advertised truthfully, or are being advertised for way over what they’re worth. In other words, appropriately described and marketed horses with appropriate pricing, don’t last too long.

Prices are coming down as the market is pretty flooded. No one wants to feed them over the winter, and with the rising costs of hay, feed, vet care and other general overhead costs, a lot of people panicked this past fall and sold their horses. The cold months are always a buyers market. But come April/May when the weather breaks, it will be a sellers market.

[ComingAttraction]

Yes, slightly. But horses priced correctly, sell!!!