The Super Bowl is Over. The Spring Market is Right Around the Corner, Or is It Already Here?

Here's the good news in our market...There are more people out looking now because they are sensing the bottom is here or near at least.

Here's the bad news...7 out of those 10 people out looking can't qualify for the loan for the house they are looking at...and at least 2 of those 6 are looking in a price range that is above what they could ever afford because they want to steal the house cheap.

So, it's good that we have more traffic, and I am always trying to be positive, but I also want to be real, and not get my sellers thinking we are going to sell the home lightning fast without cooperation from them on price.

On an average of 15 to 17 listings we have been having 36-46 showings in any ten day period. Houses have been selling so it is not the same group of houses. Before the election we had many ten day periods with fewer than 5 showings. I'm encouraged.

Thank you for posting and sharing positive news.  We are ready for the tide to have turned!

Amen, I have seen an increase in my market recently - Let's keep our fingers crossed and hope for a quick rebound

Love the picture.  It's so bright and happy. I can't wait for spring and hope it comes early. I'm also waiting for buyers to get off the fence and buy!  Hope I live long enough to see this turn around.

Portsmouth NH Real Estate

Norma, it's always great to hear good news....in any market! (I too showed on Super bowl Sunday)

I agree... I have seen increased activity. Maybe we are now Accepting the Schock of the Economy. Along with Confidence in our New President and are Ready to Move Forward, I feel that there is a lot of pent up demand out there for Real Estate

Well it's snowing here today so spring is still around the corner. Love your post and love the picture of the flowers. So bright and sunny on an otherwise freezing cold day.

Nice to hear some encouraging words.  Things seemed to have picked up and then we were hit with a foot of snow in the Indianapolis area.  Showing tapered off again, but after reading this post and all of the comments, I know that Spring is truly right around the corner.

Thank you Norma .. love to hear encouragement!

Yes norma

 Looking forward to seeing the crocus peeking up...I for one am gearing up for spring..here on the east coast we are expecting another snow storm.trying not to get brain freeze..so staying on ActiveRain .hoping spring is near..keeping positive

thank you for the flowers

Your comment "the prices are cooperating too" is the major reason in my market area that houses are selling. I am seeing new listings that are priced below the lowest comparable on the market are getting exposure, getting buyers and getting sold. In some cases, there are multiple bids and an over list offer takes the property. This is exactly what we need to get the homes sold and put the brakes on dropping prices.

Very optimistic!  I used to say that the spring market started near Feb 15th but that was before this market arrived!  By the time you had a normal market time of 60 to 90 days you were closing near the end of May - bingo springtime!  I don't think I'll be using that phrase this year.

I couldn't agree more.  We've had showings at some of our listing this past week that hadn't had activity in a while.  It's cold here, but people are ready to buy.  The interest rates, the tax credit and great prices are really helping.

I'm the "Prognosticator of Prognosticators" and I think this year will be better ... at least in Denver.