Is the Spring Housing Market Coming Early This Year?

By John West

We understand that our clients are making big life decisions and are trusting us to help them make sure those decisions are wise ones. For us, it is not about transactions, it's about relationships.

Today’s discussion revolves around the spring market. It appears that this year, the spring market is arriving much earlier. Why is that? 

Many people have been waiting, assessing the economy and market conditions over the past couple of years. With interest rates gradually decreasing and the Federal Reserve halting rate hikes, confidence in the market is growing. We’ve seen increased activity as early as January, as where it traditionally picks up around March or April. It’s quite remarkable, considering last year’s pause due to higher interest rates. Once rates began adjusting, people were eager to make their moves. 

So when should someone looking to sell or move start the process? Should they begin now, in February, or in March? In our opinion, it’s never too early to start. Many believe a couple of weeks is sufficient, but with the intricacies involved, we prefer to reverse engineer the process, starting with the end goal in mind. If you aim to be settled by June, factor in the time for closing, finding a property, and initiating the process. It’s better to have ample time than to feel rushed.

Given the early uptick in demand this year, there’s a concern about entering a bustling market with limited housing inventory. We’ll keep you informed as the year progresses. If you have any questions, feel free to reach us at (208) 501-8200 or via email. Let’s start discussing your spring goals now so you can stay ahead of the curve. We’re here to help you.