With the forecast calling for highs in the upper 70’s, it feels like spring is already here. Well, guess what? The spring market has arrived! Most people think that the spring market follows the calendar year making March-May ideal times to sell. The chart below certainly shows that inventory and home purchases increase during this time period; however, there is no need to wait. The spring market in Northern Virginia, especially this year due to low inventory, kicks-off after Super Bowl weekend.
I’ll illustrate how fast the market is moving by telling you about my latest listing in Reston. It is a single family home listed in the $600-700,000 price range. There were 4 other single family homes for sale when the house went on the market. Not a ton of options, right? This home had multiple offers and went under contract in 4 days. I received calls from agents and buyers asking if I was aware of any other homes coming to market because they want to get a head start on the competition.
Heard of the expression, the early bird gets the worm? The same idea applies to sellers, especially with the limited inventory in Northern Virginia. If you’re considering selling your home in the spring of 2018, let’s talk now! Here’s a link to my calendar.