Well, Spring is here and boy I CANNOT wait for the warm weather. I’m back here with my second blog attempt, and I hope you enjoy it!
As the weather gets warmer and the flowers start to bloom, so does our real estate market. This is the time of year when we start to see a flurry of activity on the market and more homes for sale. We are still at an all-time low for inventory. Currently we are sitting with 0.3 months' worth of homes to sell. This means that if nothing new came to market, it would take us around 12 days to sell everything. That is not the best news for buyers, especially new home buyers trying to get into the market.
New home buyers! I feel for you. Things may look tough and grim, but my advice to you is to “keep on truckin’”. With more inventory hitting the Spring market, you will have more and more opportunity to secure the right home for you.
What I am hearing and seeing is a little bit of buyer fatigue happening. Which could actually benefit you if you stay in the game. Buyer fatigue means that people are getting frustrated with the market and either bowing out or putting the hunt on the back burner until the market “cools”. My recommendation to those who are losing faith, is keep with it. The market is not going to cool down anytime soon, even with everything you are hearing about the interest rates and other news.
Our market is here to stay for the foreseeable future. Again, this is mainly due to the lack of inventory and how fast our beautiful city of Halifax is growing. So, the quicker you get into your new home, the better off you are. Now, I know you realize that and don’t need me telling you this. I am merely here as a voice of inspiration. There is light at the end of the tunnel, we just got to drive through it first.
Sellers. Of course, this is your time to shine. The market could not be any more in your favor to sell. We are looking for you. Where are you at? I would love to help you find out the value of your home. Odds are that it’s worth more than you think.
Feel free to reach to reach out to me, so I can help you find that perfect home, or help you value your current one (it's free why not!)
Happy Spring everyone!
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