Daylight Saving & Spring/Summer Season Stimulate PA Real Estate Market

This coming weekend (Sunday 3/9/08) we spring forward an hour.  REALTORS should celebrate!!! 

I consider the start of extended daylight to be a "REALTOR HOLIDAY" here in PA, but not necessarily a "REAL ESTATE HOLIDAY" for the general public.  REALTORS may make most of their commission in 5 months (April-August).  This does not necessarily mean its a better time to buy, or a better time to sell real estate, so:  Buyers and Sellers should celebrate all year long!!!!! (my explanation is below the stats).

Buyers AND Sellers start to come out of the woodwork when the days get longer & the weather is beautiful.  This year will bring more of the same.  Why? - Because buyers will buy, and sellers will sell - PEOPLE MOVE!! 

Here are some interesting statistics from TREND MLS for 2007 to show an example of what the Spring & Summer really mean in Montgomery County, PA

Montgomery County, PA

2007: 9,890 TOTAL Residential Real Estate Sales

January - 593 Units Sold

February - 566 Units Sold

March - 844 Units Sold

April - 785 Units Sold

May - 977 Units Sold

June - 1192 Units Sold

July - 1102 Units Sold

August - 1106 Units Sold

September - 694 Units Sold

October - 746 Units Sold

November - 696 Units Sold

December - 589 Units Sold

This means that more than 52% of the sales in '07 were in April through August (5 months/42% of the year).  Does this mean that its best to sell your house at a certain time of year, or best to buy a house at a certain time of year? - NOT NECESSARILY!!!  Any time of the year is a good time to buy & sell real estate Montgomery County, PA because:

1. As a buyer, there are less buyers to compete with in the other 7 months of the year, but less housing inventory.

2. As a seller, there are less homes listed/for sale to compete with in the other 7 months of the year, but less potential buyers.

Jordan Mariano, ABR, REALTOR

jmariano@weichert.com, www.jordanmariano.com, 215.896.0104, 215.643.7776x182

Weichert Realtors