Has the Spring Market Begun?

Every spring there is a noticeable uptick in the housing market. Not just in our neighborhood but across the region and the country. Each year people start looking for new homes in the spring offering increased demand but more homes come on the market which creates more competition. The question I am always asked is, what is the best time to sell? Every year is a bit different in when activity picks up but early March has been when the market seems to really take off.

This year has begun with a bang so we are anticipating a strong spring market. Homes have been moving quickly since mid January keeping inventory stable. I have had strong open house attendance since Christmas with 12, 15 or even 20 groups through. During the past few days I have received several calls from buyers who want to start looking or wish to make their search a more serious undertaking. Another reason I expect a strong upturn is that some of the homes in our neighborhood that have recently gone on the market have already received contracts. This bodes well for the spring sales market.

So to answer the question that is the title of this post, yes I believe that the spring market has begun even though it is still February. If you are thinking of selling, sooner may be better than later to get your home on the market.

Below are the stats for the past year and you can plainly see the uptick in the spring of last year. Although these stats do not include February, I have already seen that February will be better than January. If you have any questions about this chart or anything real estate related feel free to give me a call. I am here to help.