Spring Real Estate Market Has Arrived in Connecticut
Now that spring is finally here, everyone who is monitoring the real estate market is wondering how the spring real estate market in Connecticut will shape up. While it’s still too early to make any solid statements on the overall spring selling season, news of multiple offers are coming in from various regions across multiple price brackets. This activity indicates that buyers are prevalent and are ready to make their move.
The harsh winter dampened early activity as home sellers focused more on making needed repairs to winter ravaged roofs and damaged siding rather than putting their homes on the market to greet the early home shoppers. In the coming weeks, that lull in activity should dissipate as sellers bring an influx of new inventory into the market driving the spring market into high gear.
We know that there are buyers currently in the market who have financing, know market values and are prepared to make a purchase decision NOW. They are anxious to take advantage of more affordable prices and buy a home in case mortgage rates rise. They are standing on the sidelines just waiting for their perfect home to enter the market.
For those who want to put their home on the market but have been hesitating because they are anticipating additional price gains, this could be an incredibly advantageous time to finally make their move. While prices have risen, economists agree that double digit price gains are in the past. For those who have lived in their home for some time and have built equity, selling this spring could be especially beneficial. Regardless of the price point, buyers want your home NOW.
We are seeing rapid movement for homes in move-in ready condition that are priced to accurately reflect market conditions. With limited competition in the market and with a home that is priced accordingly, just imagine the possibilities.
If you are thinking of placing your home on the market, call Amy Mosley today. She will complete a competitive market analysis, review competing homes currently on the market, and will determine the inventory levels specific to your locale and price point.
This is NOT the time to wait if you want to list your home, the Spring Real Estate Market Has Arrived in Connecticut. There is a window of opportunity NOW so let’s make the most of the buying frenzy that exists in the market today.