The Real estate market is all about trends. Every corner of the earth sees a cyclic pattern to its housing market. Time of year, holidays, weather, and the financial health of our country are just a few of the causes for the ups and downs of a real estate market.
One of those trends stands in front of us over the next several weeks and months…the HOLIDAY BUMP! Historically, the holiday season is a slow one for Realtors®, which makes sense. People are focused on family and holiday parties and travel. However, with each ebb, there is a flow. And with the Holidays in our rear view mirror, we’ll see home prices gradually rise as the summer approaches.
With the average home price increasing about 5% from the Holiday season to summer and the impending rise of interest rates, buying a home today, rather than tomorrow, would be a good idea.
Conversely, if you’re a seller in this market, it’s time to call your favorite realtor and get the ball rolling with regard to listing your home. You’ll want it on the market as home values are rising.