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

Reblogger Bob Crane
Real Estate Agent with Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities #1 in Forest Land Mgmt

Unfortunately that extra hour of daylight at the end of the day can lead to a disproportionate loss for agents trying to show homes to people after work.

Original content by Nina Hollander

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!

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

WONDERING WHAT YOUR CHARLOTTE METRO AREA HOME IS WORTH TODAY?

 

BECOME A CHARLOTTE AREA MARKET INSIDER FOR FREE!

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

Connect with me also on these sites:

facebook google plustwitterlinkedin pinterest                  

 

Oh by the way, I'm never too busy for any of your referrals!

 

Search Charlotte Real Estate

 

 

 

 

 

How Much Is Your Home Worth

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends

Spam prevention
Show All Comments
Rainmaker
1,928,487
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Good morning Bob,,,it rally affects us here in Southern California.  In a few weeks its dark by 5:00 so Open houses usually end at 4:00.

Oct 31, 2015 04:02 AM #1
Ambassador
2,302,221
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Very nice re-blog.  The dark eves coming so much earlier will certainly affect home showings in the coming months.

Oct 31, 2015 04:44 AM #2
Rainer
112,622
Vera Gonzalez
RE/MAX Suburban, Inc. - Sterling Heights, MI
Gonzo For Real Estate

Nice reblog Bob Crane . It makes a huge difference here as well especially because of traffic , they are finishing alot of road construction.

Oct 31, 2015 05:09 AM #3
Rainmaker
1,317,958
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Bob, very interesting post you chose by Nina Hollander .  I just read an article about day light savings and receiving a little more day light is about all you get. It turns out to be much more expensive to switch to DST. I believe there are only two states that have elected not to go the way of daylight savings. 

Oct 31, 2015 07:14 AM #4
Rainmaker
2,189,769
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

If the time never switched, I would be happier. Too much darkness is not good for anybody. Pretty soon people will be going to work in the dark and coming home in the dark. All I have to add is that on the bright side, at least I live in California and not where it snows.

Oct 31, 2015 07:45 AM #5
Rainmaker
3,982,614
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I know that showing houses after 5 pm will be much more challanging.

Oct 31, 2015 08:32 AM #6
Rainmaker
2,256,936
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Bob. The way Nina Hollander looks at the numbers, that will be a lot more sale that will happen on November 1st. Great way to look at twice as many sales for that day.

Great choice for a re-blog.

Oct 31, 2015 06:56 PM #7
Rainmaker
3,094,623
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick T Pappas ~ good morning, Nick. I've heard those statistics as well that daylight sayings time really doesn't save much of anything. Wish we'd just stop this nonsense!

Oct 31, 2015 10:33 PM #8
Ambassador
2,864,119
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Wish some of that equity gaining goodness would come to my market.

Nov 01, 2015 05:34 AM #9
Rainmaker
1,218,152
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Bob Crane Thanks for re-blog with interesting marketing stats.  For the record I am okay with time change.  Looking forward to long evenings in front of fireplace, at least till spring

Nov 01, 2015 10:41 AM #10
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,216,442

Bob Crane

Forestland Experts! 715-204-9671
Have a Question, Leave me a Note!
*
*
*
*
Spam prevention

Additional Information