3 Surprising Things Learned From the Spring Housing Market
Summer has officially arrived, but spring data has just started to give buyers and sellers clues about what to expect as the selling season continues.
Some consider the spring and summer seasons a convenient time to enter the market. Buyers are out and about in warmer weather, and the typical school break provides an opportune time for buyers and sellers to pack up and move.
Whether you’re already swimming in the housing market or still thinking about whether to dip your toe in, here are three recent data points to keep in mind:
- Home Prices
Home prices are important to potential sellers who want to know what their home might be worth, while they give hints to buyers about what they will pay, says Danielle Hale, managing director of housing research for the National Association of Realtors®.