Thinking about a move soon? Wondering if you’ll have more options, where prices are headed, and how to navigate the market? Keep reading.
Here at Surterre, we believe knowledge is power. That’s why we’ve compiled insights from top real estate experts to help you navigate the exciting — and sometimes complex — spring housing market. From potential inventory increases to shifting price trends, we’ll break down what the professionals are saying so you can make informed decisions about your real estate journey.
More Choices, But Still Competitive
Good news for buyers! Odeta Kushi, Deputy Chief Economist at First American, expects a rise in available homes. However, Lisa Sturtevant, Chief Economist at Bright MLS, reminds us that millennials, a massive buying force, are still entering the market. So, while there will be more options, competition might remain fierce.
A Balancing Act
Danielle Hale, Chief Economist at Realtor.com, describes the current market as a “sweet spot.” Rising prices are slowing down, offering some relief for buyers, but prices remain high, benefiting sellers.
Be Prepared to Act Quickly
Skylar Olsen, Chief Economist at Zillow, emphasizes the importance of being ready. Homes are selling fast, with attractive listings going pending in under a month. Both buyers (polish your credit score) and sellers (prep your property) should act quickly to leverage this fast-paced market.
Affordable Options Emerge
Jiayi Xu, Economist at Realtor.com, brings positive news for spring buyers. There’s a significant increase (20.6%!) in homes priced between $200,000 and $350,000 compared to last year. This could translate to more affordable options for budget-conscious buyers.
Selling This Spring? Seize the Moment!
Thinking of selling? Spring might be your golden opportunity. Inventory is still low compared to buyer demand, leading to quick sales. As Odeta Kushi mentioned, sellers can capitalize on a market with limited options.
Buying or Selling? Get Expert Guidance
Whether you’re buying or selling, navigating the spring market requires a strategic approach. Partnering with a skilled Surterre real estate agent provides invaluable expertise and market knowledge.
Ready to make your move? Contact your local Surterre real estate specialists today at SurterreProperties.com! We’ll guide you through the spring market with confidence and help you achieve your real estate goals.
