Just like our clocks on Saturday night, March 10th that have to be moved forward one hour (ugh, I HATE losing an hour of precious sleep!), the housing market will soon “spring forward!” too. If you envision how there’s tension in a spring, the lack of inventory available for sale has been holding back the market in a similar way.
Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right, because Buyer demand does have a “seasonality” to it. Usually, it falls off in the winter months and reappears with the time change and the warmer temperatures.
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 extremely affordable monthly payment. And there are lots of buyers who are increasingly jumping into the market to secure a lower rate. So, sellers who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.
So what does all this mean for you?? Well, if you’re planning on selling your house in 2019, get in touch with me for more money for you. Hope to hear from you soon!