Real Estate Market Trends? Really?

trend art copyAre there trends you can really count on?

In the past, we always spoke of the annual real estate trends, you know, the spring market starts the beginning of March, people buy so that they close at the end of school year, and of course buy so that they are settled before school starts again, they don’t buy in the summer, they don’t buy over the holiday season, and more. I am sure you have heard them all over time.

I believe that these ‘trends’ are passé. The spring market has some years started on January 2nd. We were hardly finished recapping our holiday experiences, and were back at work helping people buy and sell homes. We’ve also had years where April was well underway before we noticed the uptick in the market. There is no longer any hard and fast rule about the ‘Spring Market’.

More often than not, our winter market trends seem to be if it’s an open winter, we are busy all the way through, with no particular break other than for the holidays (and that might not even happen), OR, we have either very cold weather or lots of snow, and we have lots of time on our hands.

As for buying and selling around the school year, summer break is no longer the primary time to move. Parents quite often decide that they can drive their children to school for a period of time, or they decide to move in March or April so their children can develop friendships at their new home prior to the summer holiday time. Many families are well equipped to cope with changes during the school year… It just doesn’t seem to be a hard and fast rule as it was in the past.

As for not shopping in the summer, some of the busiest market times are July and August.

Holiday slowdowns are also a trend of the past. Serious buyers and sellers are in the market years round. Yes, it may be a little slower at the holidays, whether it be Spring Break, long weekends, or Christmas and New Years… but there is still business happening.

The real estate market in recent years has been more at the mercy of the banking system and the government. Changes in amortization time periods, increases (or decreases) in the interest rates, HST, and other changes have affected the attitude of buyers and sellers far more than any of the traditional trends.

So, join in bucking the ‘trends’ and get in the market! If you are looking to buy or sell, it is always a good decision to call a Coldwell Banker Pinnacle Real Estate sales professional. They are the best at what they do – Help people buy and sell homes!

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