As we approach the spring season, I wanted to share some insights about the seasonal trends in the housing market that could be valuable for you whether you’re looking to sell or buy your next home.

Table of Contents

• Spring Market Trends

  • Existing Home Sales

  • New Listings

  • Price Trends

• Market Snapshot

• What This Means For You

Spring Market Trends

Existing Home Sales

As we move into spring, we typically see a rise in existing home sales. This trend usually starts in January and peaks around June. Several factors contribute to this pattern:

• Families often prefer to move before the new school year starts

• Buyers may use their tax refunds for down payments and closing costs

• Warmer weather in northern regions encourages more activity

• Increased inventory attracts more buyers

New Listings

If you're considering selling your home, spring is traditionally a popular time to list. New listings tend to bottom out in December and then increase monthly until peaking around May. This surge in listings usually precedes the rise in home sales by about a month.

Price Trends

For those looking to buy, it's important to note that home prices generally face the most upward pressure between March and July. In appreciating markets, waiting until later in the spring might mean facing higher prices.

Market Snapshot

With the increase in housing inventory, one could assume we’re transitioning towards a buyer market. However, this is a pretty normal seasonal pattern as we transition into the spring market. This is something that we’ll watch closely to see if the increased inventory gets absorbed and matched with increased buyer demand.

Until then, there are great deals to be had and buyers certainly have more negotiating power than they’ve had in previous years.

What This Means For You

Sellers: If you're planning to list your home, now is an excellent time to start preparing. The increased buyer activity in spring could work to your advantage.

Buyers: Be prepared for potentially more competition and upward price pressure as we move further into spring. However, the increased inventory might also provide more options to choose from.

Remember, these are general trends, and individual circumstances can vary. I'm here to help you navigate the market, whether you're buying, selling, or just curious about real estate opportunities.

Feel free to reach out if you have any questions or if you'd like to discuss your specific real estate needs.

Here to serve,