The Housing Market is expected to “Spring Forward” in 2017!
Buyer demand typically has seasonality to it. Therefore many potential Sellers believe that waiting until Spring is in their best interest and traditionally they would have been right. But things have been different 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.
Get the new year off to a great start, acting quickly to list now could benefit Sellers greatly from additional exposure to Buyers by listing prior to the flood of competition coming to market in the next few months.
As we adjust our clocks for Daylight Saving Time today, take a look at this Infographic and see what happens every hour in the Housing Market:
Spring Forward: The Difference An Hour Makes
- Don’t forget to set your clocks forward this Sunday, March 12th at 2:00 AM EST in observance of Daylight Savings Time.
- Unless of course, you are a resident of Arizona or Hawaii!
- Every hour in the United States: 649 homes are sold, 177 homes regain equity (meaning they are no longer underwater on their mortgage), and the median home price rises $1.86!
If you’re planning on selling your home in 2017, hopefully reading this will empower you with inspiration and motivation to help you Spring Forward to meet with us to evaluate the opportunities in your today’s real estate market.