Every year, prospective buyers and sellers ask us "When does the Spring real estate market begin?". Our answer is always January 2nd!
The term "Spring market" is a complete misnomer - a name that doesn't convey its true meaning. According to my calendar, Spring begins in March; however, the real estate "Spring market" begins in January.
Many sellers contact a Realtor in January about listing their home for sale in the "Spring". When we meet with them, we always ask them why do they want to wait to put their home on the market. 9 times out of 10, they respond "for the Spring market", because they believe the "Spring market" begins in March or April.
Buyers view January as the beginning of the Spring market. They want to get out there and find the right home to purchase - right away. It's a New Year - lets find our new home! In the past, we've had many buyers who want to start their new home search right after the New Year - on January 2nd!
Real estate over the holiday season is typically a slow time for real estate. In years past, January 2nd rolls around & it's been a like a BIG SWITCH was turned on. Buyers are ready to go find their new home.
Is buying or selling a home on your resolution list for the New Year? If so, email us right away to get your search underway.
Bob & Richelle Ward, Realtors, ABR