How Can Sellers Time Our Spring/Summer Market?

Every year, our spring/summer market goes through two rushes
of buyer activity. 


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When exactly does the spring/summer market start? When is the best
time to enter the spring/summer market?

Houses sell all year long, but what happens in the spring and
summer is a large influx of buyers come from a specific
demographic: folks who have school-age children. This subsection
of buyers produces two rushes of market activity. 

The first rush starts about 45 days before school is out for the
summer. Why 45 days? It takes the average buyer about 45 days
to get through the underwriting cycle because that’s how long banks
usually take to approve a loan. Buyers who want to get their kids
settled in at the start of summer will start their home search
around mid-April or early May.

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The second rush happens 45 days before the first day of school.

”
The second rush starts about 45 days before school gets
back in session. This rush comes from folks who want to spend
one last summer in their current home and settle into a new home by
the time their kids get back in school.

The spring rush started a couple weeks ago, so we’re still in it
right now, and it should climb all the way into July. Other
categories of buyers will be here all year long, though, so don’t
make the assumption that houses only sell during spring and
summer.

If you have any questions about timing the market or are looking to
buy or sell a home, don’t hesitate to give me a call or send me an
email. I’d be happy to help.