Housing Market Expected to “Spring Forward”
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 2016 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.
If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.
My name is Paul Bryant and I specialize in assisting buyers and sellers in Real Estate transactions. My areas of expertise include Columbia,Lexington, West Columbia, and surrounding areas. As your REALTOR®, I will work hard to justify your confidence and generate the results you deserve. Through my determination, research and 100% follow-through, you can be assured that you will receive the best possible service and a clear look at all of your options. Whether you are selling, buying or just have a question, I invite you to call me today at 803.361.0585 or visit my website PaulBryantWorks.com.