The Housing Market Will "Spring Forward" This Year!

Dated: 03/04/2019

Views: 43

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

Happy Friday Seneca 2-28-2020!!

Did You KnowThe homeownership rate in the U.S. is at a 6 year high at 65.1%“The largest cohort of the millennial generation turns 30-years-old in 2020 and they are hitting the housing market

Read More

Lake Keowee Real Estate Pro - Market Update February 2020

Are you currently living in your dream home? If not, would you consider selling your home or property? If so, give me a call. I would love to talk with you about how we can maximize your real estate

Read More

How Trusted Professionals Make Home - buying Easier to Understand

How Trusted Professionals Make Homebuying Easier to UnderstandIn the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to

Read More

The #1 Reason to List Your Home Right Now

The #1 Reason to List Your House Right NowThe success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many

Read More