Waiting for the Spring Market?
The Spring Market is often viewed as the best time to sell your house or buy a new one. Whether you are buying or selling, spring brings the peak of real estate activity in Greenwich. If you want to make a move in 2008, don’t wait too long–the Spring Market doesn’t wait for spring to start! In fact, if you wait for temperatures to start warming up and may flowers to be in bloom, you may have missed half of the Spring Market already.
In 2007, more single family home contracts were signed in March than any other month. More than half of these were signed in the first half of the month. And the majority of these listings had been on the market for at least a month prior to going under contract!
While the Spring Market typically lasts through June, it is important to remember that in today’s market, it often takes several months for a home to sell. If you wait until May to list your home, you have not only missed the two strongest months of the year, but you also increase the possibility that your home will go into the summer months without a contract.
For more information on the Greenwich Real Estate Market, please visit our websites: http://www.kayelewis.com/ and http://www.kayelewishomes.com/.
