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 2015 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
2016, meet with a local real estate professional to evaluate the opportunities
in your market. Looking to Buy, Sell, or Invest? Contact:
David Demangos
858.232.8410
Locally Known, Globally Connected
Luxury Home Marketing Specialist
Global Property Specialist
David@AwesomeSanDiegoRealEstate.com
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
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