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 has been holding back the market.
Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.
Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions.
That hasn’t happened this year.
Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.
The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June.
Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.
Bottom Line
If you are planning on selling your home in 2019, let’s get together to evaluate the opportunities in our market.
Author: Monica Foster
"Love your work and you'll never work a day in your life" . . . for me, that statement says it all. I love what I do, helping others achieve their real estate goals with honesty, integrity and responsiveness. I am not just a real estate agent, I am a BROKER Associate, Certified Residential Specialist, Accredited Buyer Representative, Certified Home Marketing Specialist, Certified New Homes Specialist, Certified Distressed Property Expert, and Certified Negotiation Expert with RE/MAX Space Center and a REALTOR® - a member of the National Association of Realtors (NAR). This means I work to a higher standard of education and professionalism that translates to an extra level of service for my clients. I closed over 100 transactions in 2013 and have received the Five Star Real Estate Agent award, a honor bestowed upon 7% of area realtors. Also, I have been featured in Forbes Magazine, Top Agent Magazine, Homes and Land Magazine, and I received the RE/MAX Hall of Fame award for career production. I also like to give back to the community and help others. I am a frequent contributor and sponsor for various charities including the Homes for Heroes Foundation, Communities in Schools Bay Area, March of Dimes, Children's Miracle Network, Kid's Wish Foundation, Susan G. Komen Foundation, Happy Hill Farm Academy, and the Make-A-Wish Foundation.
