By Chad Meier, November 28, 2018
In real estate, the spring is often seen as an ideal time to buy or sell. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy.
According to Bank of America’s annual Home Buyer Insights Report, 41% of renters surveyed feel that spring is the best time to buy a home. However, what may surprise some is that when ranking the seasons, winter comes in second at 24%.
However, the sunny months make for the most competitive season for transactions in many areas of the country as well. This often leads buyers (often families with kids) who haven’t found homes by the end of summer break to push pause on their search in the fall and winter months. And this creates a great environment for buyers to find a home with less competition.
Now the silver lining for sellers is that buyers who are out in the winter are serious about wanting to find a home, and there is traditionally less competition on the market which gives them greater exposure to those buyers!
The Bottom Line… As mentioned in prior posts, no one knows with any certainty what the future holds, so don’t attempt to “time the market”. Rather, make a move when the time is right for your unique goals and needs.
If you are one of the many who would like to make a move this winter, I’d love to help you win!
Please feel free to call or text me anytime at 503-709-9600 or email me at Chad@PortlandHomeBase.com
Cheers!
Chad Meier
Broker | OR
He/Him
Hello, I’m Chad: Licensed Real Estate Broker, native Oregonian, photography aficionado, lover of old houses, friend to all animals, and powered by analytical data...
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- T: 503-709-9600
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503-961-8224