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.
TheNational Association of Realtors (NAR)recently reported that thetop 10 datessellers 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:Laura Byther Phone: 207-838-9990 Dated: March 8th 2017 Views: 81 About Laura: They say I have been more than a Realtor. I became their friend, always in their corner working for ...
View our latest blog posts in your RSS reader. Click here to access.
Trust eXp Realty and our team of real estate agents to help you find homes for sale in Maine or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
"Dan and I have enjoyed working with David Marshall on selling our home and buying a new one. David is very knowledgeable, very thorough and persistent when he needs to be. He kept us posted on the many different deadlines and decisions well ahead of time so that we knew what to expect. We've relied on David quite a bit in this process and have recommended him highly to others."