#1 Rule of Finding the Right Time to Buy
Supply and Demand
The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
Supply Goes Up in the Spring
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. Putting your home on the market now instead of waiting for the increased competition of the spring might make a lot of sense.
Buyers Out Now are Motivated
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now or they wouldn’t be out there in the marketplace. With limited inventory available in most markets currently, a seller will be in a great position to negotiate.