I realize that the weather so far this winter has been very pleasantly warm for Bucks County. But the calendar says that spring is still weeks away!
That is not the case in real estate in Yardley.
From a real estate perspective, we in the industry feel as though what we refer to as the “spring market” begins just after the Superbowl.
Happily for us Eagle fans, the Superbowl is over. On a different note, that was one of the most painful games to watch for those of us who are diehard Eagle fans. From a purely football perspective, I am happy that the game is over!
So what are we talking about when we say that the spring market starts after the Superbowl? What that means, in general, is that as we get closer to real spring, people begin to take steps to effect moves in June, July and August, which are the busiest moving times of the year. Many people, especially if they have kids in school, prefer if possible to move while their kids are out of school.
So, for those who want to either buy or sell beginning at the end of June, they often start the process in February or March, which is why in the real estate industry we say that the spring market starts now.
One of the very common questions that I get from sellers is whether it is best to sell in the spring. The reality is that real estate in Yardley, Newtown or anywhere for that matter, is essentially a function of supply and demand. The answer to the question about whether the spring is the best time to sell really is that it depends.
It depends on supply and demand factors. If the next month or so brings a flood of new sellers to the market in the Yardley area, without a corresponding increase in buyers, there will be further downward pressure on prices. If, on the other hand, there are lots of buyers but fewer sellers, the opposite will happen.
From several personal recent real estate experiences, I can tell you that right now, in the Yardley and Newtown area, inventory of houses is lower than it has been in quite a while, and there does seem to be an increase in the number of buyers.
I have had listings in Newtown and Yardley that have recently received multiple offers. I hear the same thing from other agents. I am also having a really difficult time finding quality houses to show buyers that I am working with in the Yardley area.
I have encouraged several sellers that I am working with to take advantage of the current dynamic, by getting their house on the market as soon as possible. I am not suggesting that suddenly we are in a sellers market, but I am suggesting that for those sellers who are realistic about their price, the real estate market in Yardley and Newtown is more favorable than it has been in quite some time.
Spring is in the air in real estate in Yardley!