As Daylight Savings Time Ends...
Can One Hour Make A Difference In The Housing Market?
Last night, in many parts of the United States, we "fell back" and moved our clocks back by one hour. For many of us, getting back that extra hour of sleep lost last spring made a huge difference! For me, having light outside my windows by 7:00 am is the real "bonus." But did you know that just one hour in the housing market can also make a difference?
The Difference One Hour Makes In The Housing Market: Infographic
If you're a home seller, it's obviously wonderful news that each hour not only do 614 homes sell (compared with 596 homes just one year ago), but also that an average of 95 homes regain some positive equity, while median home values increase by $1.38 (compared with $1.20 one year ago). The time to sell is NOW!
If you're a home buyer, this should tell you that the longer you wait, the more you will pay for a home. The time to buy is NOW!
Hopefully, you didn't forget to move your clocks back last tonight. Why not use that extra hour you've gained to search for a new home or get your home ready to sell? Afterall, each hour does make a difference.
This housing market update is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We've been opening doors for Charlotte region home buyers a sellers for 20+ years.
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to show you how: