How Much Difference Does An Hour Make In The Housing Market?

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/4KDM

By now, most of us know that this Sunday night we change our clocks back by one hour to standard time from daylight savings time. For many of us, that extra hour of sleep makes a huge difference! But did you know that an hour in the housing market also makes a difference?

 

The infographic below shows just how much of a difference an hour can make in the housing market.

 

The differnce one hour makes inthe housing market

 

If you're a home owner or home seller, it's obviously great news that each hour, an average of 347 homes regain some positive equity and that the median home values also increase by $1.46. BUT, if you're a home buyer, this tells you that the longer you wait, the more you will pay for a home. The time to buy is NOW!

 

So don't forget to set your clocks back one hour on Sunday night and enjoy that extra hour of sleep. But don't forget to gain an hour in your home search, as well--each hour does make a difference. And those hours do add up!

 

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Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Evelyn Johnston 10/30/2015 01:21 AM
  2. Bob Crane 10/31/2015 03:58 AM
  3. Morris Real Estate Marketing Group 11/04/2015 02:00 AM
Topic:
Real Estate Market Trends
Location:
North Carolina
Groups:
Inspiration !!
Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Sellers
Inspiration Station
Tags:
housing market trends
housing market update from carolinas realty partners
fall back 2015
how one hour makes a difference in the housing market

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Rainmaker
1,836,826
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Another KCM devotee, I see. I posted this to FB today, thinking it's a fun way to look at one hour.

Oct 30, 2015 09:32 AM #31
Rainmaker
1,679,891
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Very cool Nina Hollander I was thinking about what a few minutes meant when I was about to head out the office door tonight an a fellow came in and asked me to write a nice offer.

Oct 30, 2015 11:19 AM #32
Rainmaker
3,249,421
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

An hour can make a difference in the housing market.

Good luck and success.

Lou Ludwig

Oct 30, 2015 12:02 PM #33
Rainmaker
1,266,673
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Nina Hollander 

Great post very interesting stats. Thanks for stopping by my blog as well. Hope you have a great weekend. 

Oct 30, 2015 03:25 PM #34
Rainmaker
3,262,695
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina awesome post and unfortunately the longer a buyer waits... well Diane and I were talking about this at dinner time looking at the price difference two years ago, last year and this year....Endre

Oct 30, 2015 04:27 PM #35
Rainmaker
1,573,914
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Thanks for this Nina - it's fun information to know. Although I was licensed for 19 years, that kind of "hot market" never happened here until a few months after I let my license go away. 

I'm not looking forward to turning the clocks back. Since I can't teach them to use clocks, for the first several days I'll have 2 dogs and a horse who are upset when breakfast and dinner are an hour late. 

Oct 30, 2015 05:03 PM #36
Rainmaker
3,039,409
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Nina.  When we sold our home last year he did very well.  The home we currently have has already increased by around 5K.  When I win the lottery tonight I think I'll pay it off...  LMAO

Oct 30, 2015 08:58 PM #37
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray ~ hi James.... sure.... you and my husband both are winning the lottery tonight! (But good luck!)

Oct 30, 2015 10:12 PM #38
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lottie Kendall ~ hi Lottie, this was a fun way to look at the value of an hour's time, wasn't it? Happy Halloween!

Oct 30, 2015 10:13 PM #39
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Alan Kirkpatrick ~ good morning, Alan... happy halloween and happy weekend to you, as well.

Oct 30, 2015 10:14 PM #40
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Marte Cliff ~ good morning, Marte.... I hadn't thought about the fact that the time change impacts our animals, as well. But then we don't stick to such a strict schedule with ours. Happy halloween.

Oct 30, 2015 10:15 PM #41
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. ~ good morning, Endre, and happy halloween. I've often found that breaking down  concepts into small pieces tells a real story and gets people's attention.

Oct 30, 2015 10:16 PM #42
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lou Ludwig ~ good morning, Lou... in the housing market and in many other aspects of life as well, I would venture to guess!

Oct 30, 2015 10:17 PM #43
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ good morning, Bob, and happy halloween! Now that was a treat for you last night and not a trick!

Oct 30, 2015 10:18 PM #44
Rainmaker
717,270
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Nina Hollander I don't have to move to Russia to get that, I could go to Alaska.

But I guess what I really need to do is just keep moving to "follow the sun."

Bill Roberts

Oct 30, 2015 10:55 PM #45
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bill Roberts ~ at the end of the day, Bill, I've discovered that nothing in life is every really easy! Nina

Oct 31, 2015 12:24 AM #46
Rainmaker
2,534,976
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Nina, saw this post as a re-blog. An hour(s) in real estate can make a difference when a buyer is looking for a home to buy. Have a fun and safe Halloween.

Oct 31, 2015 02:37 AM #47
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, the Go To Realtor® ~ no kidding, Rebecca... I still have buyers on occasion who don't get it when I say we need to see a new property "now" and not tomorrow! Happy halloween to you, as well.

Oct 31, 2015 02:44 AM #48
Rainmaker
1,431,531
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Wow that is a great post.  I wish I had caught it a couple weeks ago.  What a "timely" pitch!

Nov 16, 2015 08:42 AM #49
Rainmaker
3,277,742
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gene Riemenschneider ~ good morning, Gene and thanks. You can probably still use this data without referring to the time change!

Nov 16, 2015 08:09 PM #50
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