Winning Strategies in Real Estate: Housing Market Expected to “Spring Forward”

Housing Market Expected to “Spring Forward”

spring

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.

Bottom Line

If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.  Just give me a call at 330-352-9513 or email me at tony@tonymorganti.com 

 

Tony Morganti, CRS, ABR

330-352-9513

Comment balloon 2 commentsTony Morganti • March 09 2017 07:11PM

Comments

WE are already we ahead of the gae and have been busy since the middle of january

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 2 years ago

Your title line is a great way to tie real estate and the time change together.  Very creative.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) almost 2 years ago

Participate