Spring Market in the Summer?

The housing market saw a decline in buyer traffic and showings in mid-March, which caused great uncertainty about the future of real estate in the months to follow. However, we are now seeing positive signs that potential buyers are returning to the market - and they need homes to purchase! Good news for both those wanting to buy and those wanting to sell a home.

Internet online traffic to home listings has been steadily increasing, and is now comparable to past Spring numbers. That is the precursor to actual in-person showings increasing (which we are already seeing as well). In fact, both virtual and in-home showings have been increasing weekly since about the third week of April. Proof, if you ask me, that we are turning the corner.

So, with potential buyers returning to the market, are you ready to sell your home? The inventory of homes for sale is gradually increasing as homeowners desiring to sell their home get them on the market. With the pent-up demand from the "delayed" Spring market and the still amazingly low interest rates, home buyers are ready to make their dream of home-ownership a reality. What does that mean? Reasonably priced homes are selling every day, sometimes with multiple offers. What does it also mean? If you want to sell, this is a GOOD time to do so.

It's not hard to see that the combination of low inventory, increasing buyer demand, and very low interest rates is getting our real estate market going (even while certain parts of the economy remain frozen). Whether you are interested in selling your current home, purchasing a new home, or both, I am here to answer your questions about the process and guide you through your real estate transaction. My office is open 7 days a week for your convenience, and I'm looking forward to hearing from you today!

Laura Harbison
Realty Executives Southern Nevada Properties