When does the “Spring Housing Market” start?
The “Spring Housing Market” is a frequent topic of conversation. As an agent I hear from both buyers and sellers that they are going to list or shop in the spring.
Spring in the housing market isn’t when the tulips are coming up or when the schools are on spring break. Consider that many make their buying plans around school ending or summer vacation schedules. Also consider that even a cash deal needs time for inspections plus title work and will be around 30 days to close. If you work backwards being under contract by the end of April is the latest for an early summer move. If there are mortgage appraisals 45 days to close is more typical and that will place you into the 3rd week of April. This leaves about 10 weeks for the spring market. The calendar date for spring is actually when it may still be snowing.
People put all of their holiday décor away and make new years resolutions. Some of the resolutions include moving. There is one other day that real estate agents consider prior to the “Spring Market”. Funny enough it is the weekend after the Super Bowl that kicks off the market. Many people have the same ideas about spring. For buyers there are more homes to choose from but there are also more people buying. Buyers need a professional agent to help them locate the best homes to meet their needs. The other side of the coin is that sellers will have more competition and they need to be game ready. A seller needs a professional agent who can get them ready for selling.
Thinking of buying or selling a home, please contact me.
Berkshire Hathaway Home Services New Jersey Properties
Sales Associate, Amy Roth