Friday, January 20, 2017

Are You Ready for the Spring Market?

When does the spring market start? According to the calendar, it should be March; however, the spring real estate market kicks off much sooner than that.

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When does the spring market start? Officially, according to the calendar, the spring market starts in March. However, in real estate, the spring market starts in January. Immediately after the new year we have a whole new set of buyers coming into the marketplace. Then, after the Super Bowl in early February, the spring market will continue to pick up speed, sometimes all the way through the end of June. As we begin the new year, families across the country will be deciding if this is the year they sell their current house and move into their dream home. Many people think that they should wait until March to list their home, which made sense in the past. However, this winter is not like recent years.

The spring market starts right after New Year’s.

Thanks to recent increases in mortgage rates, buyers have been forced off of the fence and into the marketplace. At the same time, inventory levels of homes for sale have dropped dramatically compared to this year. So, right now there is incredibly high demand from buyers and low competition for home sellers, making now a great time to put your home on the market. The bottom line is that the spring market has already begun. If you have any questions about the market or about listing your home, give me a call or send me an email. I would be happy to help you!