Many homeowners have bought into the myth of the spring market, the reality is that each season during the year has benefits for sellers and buyers alike.
As the summer continues to heat up, I hear the nay Sayers shouting out that this season hot Real Estate market has passed them by and they need to wait. Well that is simply not reality. The time of year does not really affect the overall sale of any given home.
Seasonality is a myth, rather than a fact and it is driven by your specific market area. The spring market seems to be the time of year when business seems to be heightened for many sales representatives. The 1st quarter of the year tends to set the tone for the rest of the year. Therefore agents tend herd buyers aggressively from location to location at a more rapid pace.
The market organizes itself during this period of the year. Sellers will quickly realize were home prices will go, and buyers will quickly adapt to the level of aggression that is required to secure the home of their dreams. This activity has led to the belief in the spring being the best time of year to list a home for sale.
The reality is that a lot of buyers need to build up to the market so there is a constant flow of buyer activity regardless of the time year. If you wait to the summer and fall selling seasons then the market is set for the most part. It will be clear whether you have entered in to a sellers or buyers market. Price increases and comparable properties will materialize in the market place meaning that there should be less haggling later in the year.
Don’t be intimidated by the time of year, recognize each season for the benefits it has on the real estate market as a whole.
