Usually the spring market starts in late March or early April. This year, however, the spring market will be here much, much sooner.
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When does the spring real estate market actually start?
In general, the real estate market begins in late March or early April. However, it’s 70 degrees out there in Chicago. Since the winter has been so mild, the spring market will begin in the next week or two.
In other words, if you’ve been thinking about putting your home on the market, now is the time to do it.
There are a ton of buyers out in the market right now because interest rates are expected to go up on March 15th. They want to make their move before that rate hike happens.
That said, inventory is extremely low. Compared to January 2016, January 2017 saw a 14% drop in inventory. While this is frustrating for buyers, this is good news for sellers because demand is strong and you won’t have much competition.
If you have any other questions about the spring real estate market or about selling your home, give us a call or send us an email. We would be happy to help you!
In general, the real estate market begins in late March or early April. However, it’s 70 degrees out there in Chicago. Since the winter has been so mild, the spring market will begin in the next week or two.
In other words, if you’ve been thinking about putting your home on the market, now is the time to do it.
Now is the time to put your home on the market.
That said, inventory is extremely low. Compared to January 2016, January 2017 saw a 14% drop in inventory. While this is frustrating for buyers, this is good news for sellers because demand is strong and you won’t have much competition.
If you have any other questions about the spring real estate market or about selling your home, give us a call or send us an email. We would be happy to help you!
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