Is The Northern VA Home Selling Market Set To
“Spring Forward” In 2019?
Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market.
Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.
Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions.
That hasn’t happened this year.
Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecast for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.
The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June.
Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.
If you are planning to sell in the next year or two now might be the better option for you if you would like to find out how much equity you have in your Northern Virginia home and what your best options are just get in touch with us for a free no obligation market equity value of your home and your particular situation and goals. The contact is to the left of this post.
Original Source for this content is my STM Blog
"Home Sales Set To Spring Forward In 2019"
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