Spring Brings Hot Real Estate Market

According to the National Association of Realtors® Existing Home Sales Report, existing home sales declined for two straight months in December and January. So, whereas winter might have been on the slower side for home sales, that’s about to change as Spring Brings Hot Real Estate Market to the San Fernando Valley

Spring Brings Hot Real Estate Market but according to experts, this spring is going to be one for the record books. “It’s probably the most competitive spring housing season we’ve seen since right before the housing crisis,” said Tendayi Kapfidze, chief economist at LendingTree, in a recent Realtor.com article.

Low inventory and  will continue to push up the prices of homes, making it hard for people who are buying for the first time to buy their home. It is more important than ever before to have all your ducks in a row BEFORE starting your search for a new home. After you have found the home of your dreams is NO TIME to start the process of getting pre-approved. By the time you have found last years tax returns the house you wanted so badly has sold in multiple offers.

There is also 12% fewer homes that are for sale across the nation when compared with the number that were on the market this time last year. Also, over half of the properties for sale are in the top 1/3 when it comes to price, which also makes it hard for people buying for the first time.

If you’ve been waiting to sell your home now is the time to make a move. Not only have housing prices recovered to their peak values, but the inventory crisis is driving up prices, making it the perfect market to finally sell your home. CLICK HERE TO REQUEST A FREE MARKET ANALYSIS OF YOUR HOME

The Takeaway

If you’ve been thinking about selling your home, now is the time to do it. A market like the one experts are predicting for this spring will create competition for property, thus driving up prices for your home.