The Housing Market will "Spring Forward" this year

Dated: 03/04/2019

Views: 135

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, meet with a local real estate professional to evaluate the opportunities in your market.

You can always reach out by calling or texting 240.994.7763.

Blog author image

Betsy Taylor

I am a Montgomery County, Maryland Realtor specializing in the Gaithersburg, Rockville, North Potomac and Germantown areas. Having lived in Montgomery County for over 25+ years, I understand the mark....

Latest Blog Posts

2 Myths Holding Back Home Buyers

2 Myths Holding Back Home BuyersFreddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed

Read More

What in the World is going on with Bidding Wars?

In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a

Read More

The Housing Market will "Spring Forward" this year

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;

Read More

The The #1 Reason to Not Wait Until Spring to Sell Your House

Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if

Read More