It’s almost time for the busy season in Lane County real estate. Here’s what you need to know in the coming weeks and months whether you’re buying or selling.
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Right now, it’s time for March Madness, both on the court and in the real estate market.
In the real estate world, our March “madness” is the beginning of the spring market. Now that the weather is finally getting better in Lane County, people will start making their decision to buy or sell rather quickly.
Right now, we still have just two months of inventory. If no new homes came on the market in two months, we would completely sell out. This is a huge advantage to you if you’re a seller, but not if you’re a buyer.
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In a few short months, your competition will be much stronger.
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In a few short months, your competition will be much stronger.
First-time homebuyers are continuing to come into the market, and there are still buyers out there who will have a home to sell. However, they’re not too excited about putting those homes on the market until the kind of home they are looking for is available. It’s kind of a catch-22 situation.
Let’s say you're a first-time buyer: You want to see if there’s anything out there right now that works for you. In a few short months, you'll be competing against many more buyers than you would be right now. The chance of getting the right home at the right price is probably better now than it will be later.
Most sellers are waiting until April or May to list. That is when we’ll see an influx of buyers, but they'll also have more homes to choose from during that time. Sellers can get ahead of the market curve by getting their homes listed now.
As you can see, March “madness” has begun in the real estate market. If you have any questions about buying or selling, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.
