When Does the Real Estate Season Begin?
February 12, 2020
Which month do you think most people who are considering buying a home actually start their search? Most of us automatically imagine spring. Are you thinking of April? You may be surprised, but that is not the case anymore.
Realtor.com just released data showing that January and February months are the start to home shopping season!
Here is a quote directly from the article- “Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation’s largest markets.”
The article goes on to talk about the data and research, but really what it boils down to is taking a look at the average number of views per listing on the market. And looking back the last few years, it is getting earlier and earlier into the winter season.
So what do you think drives this?
My answer is…. a competitive market, rising prices and low inventory. Which is exactly what we are seeing here in our Minneapolis area market.
Being we are officially in the busiest season of Real Estate, and the fiercely competitive market, as a Buyer you need to complete your due diligence and be prepared to make informed decisions in a timely manner. I am happy to discuss what strategies are working to set your offer apart once we find that perfect match! Contact me today!
Buyer and Listing Specialist
Better Living Group/Avenue Realty
Realtors- GRI, ABR, CDPE
email@example.com or 952-500-3166