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Spring Market Forecast

Monday, March 5, 2018   /   by Sherry Wheeler

Spring Market Forecast


Housing Market Expected To “Spring Forward” This Year




Housing Market Expected To "Spring Forward" This Year | MyKCM



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 in the market right now is what is holding back the market.


Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.


Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.


That hasn’t happened this year.


Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with the recent increase in rates, buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lower rate.


The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2017 all fell in April, May, or June.


Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.


Bottom Line


If you are planning on selling your home in 2018, let’s get together to evaluate the opportunities in our market.


United Real Estate Solutions
United Real Estate Solutions
308 North Peters Road, Ste 225
Knoxville , TN 37922
865-444-2400

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORSĀ® Multiple Listing Service. Ā© Copyright 2024. All rights reserved. This information is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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