Omaha Real Estate: Housing Market Expected to “Spring Forward”

Housing Market Expected to “Spring Forward”

Housing Market Expected to “Spring Forward”

Housing Market Expected to “Spring Forward”

Housing Market Expected to “Spring Forward” | 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 in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.

 

Comments

I shared this great info as well elsewhere from Keeping CUrrent Matters too!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) 8 months ago

Good morning Trumm team. It is always time to sell or buy. Some just have preferences. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 8 months ago

Good point and reminder The Trumm Team Omaha Homes for Sale, Real Estate about the clocks. NAR has predicted that the sunny Phoenix, AZ metro area will lead the nation in 2017 for year over year home sale growth, so I agree with you. 

Posted by Jeffrey Masich/ Associate Broker, MBA, Arizona Homes and Land Group/ Buy or Sell (HomeSmart Real Estate) 8 months ago

Participate