Housing Market Expected To Spring Forward

Dated: 03/08/2017

Views: 83

Image title

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.

Blog author image

Laura Byther

They say I have been more than a Realtor. I became their friend, always in their corner working for the best outcome guiding them every step of the way. Over 26 years I have walked beside my clients t....

Latest Blog Posts

Where Are Mortgage Interest Rates Headed in 2019?

https://dtzulyujzhqiu.cloudfront.net/expcorporate377/images/1537885021.jpeg" alt="" width="1239" height="2310" />https://dtzulyujzhqiu.cloudfront.net/expcorporate377/images/1537885030.jpeg" alt=""

Read More

25% of Homes with a Mortgage are Now Equity Rich!

25% of Homes with a Mortgage are Now Equity Rich! Wednesday September 19th, 2018  For Sellers, Housing Market Updates, Move-Up Buyers Rising home prices have been in

Read More

Is the Real Estate Market Finally Getting Back to Normal?

Is the Real Estate Market Finally Getting Back to Normal? Thursday September 20th, 2018  For Buyers, For Sellers, Housing Market Updates The housing market has been

Read More

4 Reasons to Sell This Fall [INFOGRAPHIC]

4 Reasons to Sell This Fall [INFOGRAPHIC] Friday September 21st, 2018  For Sellers, Infographics, Move-Up Buyers Some Highlights:Housing inventory is still under the 6

Read More