Yes, the Spring Market has Already Started!

Yes, I know, just a little over a week ago there was 8 inches of snow on the ground in Central NJ, and some of last week's high temperatures didn't make it even close to 20 degrees. But I would like to argue that even though the calendar says it is winter, the "spring" real estate market has, in fact, already started.

Everybody knows the spring market is pretty much THE hottest time of year for real estate. But many people think this hot market certainly couldn't start any sooner than the Superbowl. Or maybe not even until after Easter/Passover or spring break. There are a few that even think it begins in late April or May, when in fact it actually begins after the New Year!  

                                                                                            
Think about it.. we are pretty much sick of food and eating so much, there is no more holiday shopping to do, and all the relatives have left to go back home. What's left for buyers to do now but start looking for a new home?! That being said, if you are thinking of listing your home for sale during the spring market, now is the time to start thinking about it, because the buyers are getting ready! And you know that people who brave the harsh winter elements and are out looking at homes instead of watching football must be serious about buying!

According to TReND Multiple Listing Service, 396 homes were listed for sale in Mercer County in January 2013. 209 homes sold 90 days later, since average days on the market hovers around 2 1/2 to 3 months. This is a pretty high number! So, if you can list your home sooner rather than later, you will have less competition! And if you're not quite ready, most sales do actually occur between June and August since many buyers with school aged children are looking to move in the summer before the new school year begins. So there is still hope!

Now getting a home ready for sale is not an instantaneous process.. it takes awhile.. even several weeks sometimes. My next blog will list steps you should take before that first potential buyer walks through your front door, so stay tuned!






Anne-Marie Tustin, MBA, ABR
Sales Associate NJ & PA, Keller Williams Realty
100 Canal Pointe Blvd, #120, Princeton, NJ 08540
609.987.8889 Office
609.575.8801 Direct
atustin@kw.com
www.Anne-MarieTustin.com