The Spring Real Estate Market Has Sprung

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The Spring Real Estate Market Has Sprung Don’t Get Left in the Cold

Jonathan Smoke, the Chief Economist of realtor.com, in a recent article revealed that:

“Would-be buyers face a dilemma: There will be more homes on the market over each week of the next three to four months, but there will also be even more prospective buyers. We are entering the busiest season of home buying with the lowest amount of inventory in three years. To be competitive, buyers should get pre-approved for a mortgage and be ready to act quickly if they find a home that meets their needs.”

Smoke goes on to say:

“Listings are growing as they normally do this time of the year, but because demand has been growing faster than supply, homes are selling faster. So the monthly trend is the normal seasonal pattern, but the year-over-year decline is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory.”

If Your Thinking of Selling Your Lowell Home Now is the Time

Sell Your Lowell Home For up to 18% More Money than Traditional Agents

Find Out What Your Lowell Home is Worth CLICK HERE

Lowell Real Estate & Homes For Sale Presented by Chris Tryon ~ The Tryon Group ~ ERA Key Realty

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