The Housing Market Will "Spring Forward" This Year!

Dated: 03/04/2019

Views: 50

The Housing Market Will “Spring Forward” This Year!

The Housing Market Will “Spring Forward” This Year! | MyKCM

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, give me a call to evaluate the opportunities in your market.

Blog author image

Eric S. Stegall

Thank you for visiting my website. I've been helping families find their place at the the lake for almost two decades. I love introducing new customers and clients to this beautiful area, I get to cal....

Latest Blog Posts

Why This Is More Like 9-11 Than 2008

The current situation with the coronavirus reminds me of the days after 9/11 more than the housing and mortgage crash of 2008. Just like with the coronavirus, 9/11 was very unexpected and couldn't

Read More

Happy Friday Seneca - March 13, 2020

Calendar of EventsMarch 14th @ 9am: Clemson Marina's 4th Annual Big Splash EventMarch 14th @ 11am: St. Patrick's Day Festival and ParadeMarch  14th @ 2pm: Every 2nd Saturday

Read More

Seneca - Lake Keowee Weekly Update - March 11, 2020

If you're receiving this weekly email you have already registered on my Lake Keowee Real Estate Pro website. If you are asked to register again just use your current email as your password. No need

Read More

Happy Friday Seneca! 3-6-2020

Calendar of EventsMarch 8th @ 6pm: Keowee Brewing Upcountry Beer DinnerMarch 7th @ 7pm: 70's Night at Partners in WineMarch  7th @ 7:30pm: Dailey and Vincent - Walhalla

Read More