When Does The Spring Market Begin?
Everyone considering selling their home has come to believe that the spring market is the best time. So does the spring market begin with warmer weather? If the goal is to sell one’s home when the most buyers are shopping, then we should reconsider when the spring market begins.
Those who wait until March or April to list their homes for sale are actually increasing their competition since most sellers try to list during this time. Check out the last 3 years during the months of March and April if you don’t believe me.
I believe that 2010 will be very similar to 2009 where we won’t see a spring market inventory jump. This years market will be spread out throughout the first half. There are also some real estate issues that could affect the months we see sales in this year like the tax incentives and the increase in mortgage insurance premiums.
Overall, if you aren’t waiting for your kids to get out of school… February could give you the best jump on the spring market. If you are considering selling, check out this video!
charts provided by daar dot org.
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