As we turn our clocks forward this weekend, the Seattle housing market will soon “spring forward!” If you close your eyes and picture the tension in a spring, this compares to the lack of inventory available for sale in our market right now. This is what’s 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, or in the summer when kids are out of school and families are taking summer vacations.
That hasn’t happened this year.
Demand for Seattle housing has remained strong as mortgage rates have remained near historic lows.
A recent report from the National Association of Realtors (NAR) listed the top 10 dates that sellers listed their homes in 2016, and they 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.
If you are planning on selling your home in 2017, call on the Windermere Wall Street Group. Our knowledgeable Brokers can help you evaluate the opportunities in your market and get a head start on the competition.