Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.
Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.
Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.
THAT HASN’T HAPPENED THIS YEAR.
Demand for housing has remained strong as mortgage rates have remained near historic lows.
The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.
Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.
If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.
Author:Lauren Luli Phone: 330-417-7853 Dated: March 13th 2017 Views: 18 About Lauren: ...
View our latest blog posts in your RSS reader. Click here to access.
Did you know...our buyer's agents are not paid by the buyer so you can
"Keller Williams Legacy Group Realty has changed my entire way of doing business. What pleasure Working in an environment of fantastic agents and staff and wealth building opportunities. Special relationships, continued support and training available 24/7. Who could ask for more? Thank you KW"