Why You Should Move Before Spring

Spring is usually the busiest season in the housing market. Most buyers believe this is the best time to get a house. However, this may not be the case. If you’re ready to buy a home, there are a few reasons to consider moving before Spring comes around.

Spring Should Bring a Wave of Buyers to the Market

The housing market often goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while Spring often sees a surge of buyers. Experts believe this trend will continue in 2023.

These seasonal trends and a reaction to last year’s rise in mortgage rates have kept buyers at bay in recent months. However, rates have lowered since November, making it a good time for potential buyers to consider jumping into the market. If you're ready to buy, right now would be a good time to give the Just Say Home KC Team a call. Affordability is beginning to improve, but demand is still low. Lawrence Yun, Chief Economist at the National Association of Realtors(NAR), shares:

“. . . expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.”

The time is now to buy a home before the Spring rush begins.

Today’s Sellers Are Motivated

Low demand from buyers often means sellers are more motivated to work with you. In fact, sellers have been more willing to negotiate this winter because there are fewer buyers in the market. According to a recent article from Forbes:

“. . . sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of last year.”

Keep in mind, the advantages buyers have this winter won’t last forever. Increased buyer demand in the Spring means sellers will have less motivation to negotiate with you. The Just Say Home KC team can help you understand where the Kansas City housing market is and assist you in making an informed decision about whether it is the right time for you to buy a home. If you're ready to make your move, connect with us by calling 816-656-2816.