Housing Market Expected to “Spring Forward”
The "Spring Market" on Sarasota's Suncoast Starts Earlier
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right. Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions. The great thing about real estate in Florida is that our season usually starts early in the winter months when the snowbirds and tourists are in town and then it continues on because many of snowbirds are wanting to buy down here, but wait until spring to list their homes up north. After those homes are sold, then end up buying a home on Sarasota's Suncoast!