• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Johnson Team Real Estate

Johnson Team Real Estate

Your Bellingham Real Estate Resource

  • Search
    • Address
    • MLS#
    • Quick Search
    • Browse by City
  • Buying
    • Market Statistics
    • Mortgage Rates
    • Mortgage Calculator
  • Selling
    • Valuation Request
    • Get a Market Report
    • Market Statistics
  • Cities
    • Bellingham
    • Blaine
    • Everson
    • Ferndale
    • Birch Bay
    • Lynden
    • Lummi Island
    • Sandy Point
  • Neighborhoods
    • Alabama Hill
    • Birchwood
    • Bellingham’s Central Business District
    • Columbia
    • Cornwall Park
    • Edgemoor
    • Guide Meridian
    • Happy Valley
    • Fairhaven Historic District
    • Lettered Streets
    • Meridian
    • Mt. Baker
    • Puget
    • Roosevelt
    • Samish
    • Sehome
    • Silver Beach
    • South Hill
    • South
    • Sunnyland
    • Whatcom Falls
    • WWU
    • York
  • About
  • Blog
  • Contact
  • Email
  • Facebook

Why It Makes Sense To Move Before Spring

February 1, 2023 by fawn

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Spring Should Bring a Wave of Buyers to the Market

In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.

Right now, buyer demand is low due to a combination of normal seasonal trends and a reaction to last year’s rise in mortgage rates. But rates have started to come down since last November, which has more and more potential buyers planning to jump into the market. That means right now is a sweet spot if you’re in a good position to buy, before more buyers reappear. Affordability is beginning to improve, but demand is still low — for now. 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.”

If you’re ready to buy a home, right now is the best time to do so before your competition grows and more buyers enter the market.

Today’s Sellers Are Motivated

Low demand from buyers often means sellers are more motivated to work with you, and that can set you up to buy a home on your terms. 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.”

But keep in mind, the advantages buyers have this winter won’t last forever. The competition you face could be greater if you wait until spring to make a move, and increased buyer demand means sellers will have less motivation to negotiate with you. Be sure to work with a trusted real estate professional to learn what you can expect in your local market right now.

Bottom Line

If you’re in a good position to make a move, it may make sense to move before spring. Working with your team of expert real estate advisors is the best way to learn about the current market and what it means for you. Let’s connect today to determine the best plan to achieve your homebuying goals. Contact Mike Bredeson today, you can reach Mike by calling 360.303.2734 or emailing Mike@JohnsonTeamRealEstate.com.

Filed Under: Uncategorized

Primary Sidebar

Communities

Stay in the Loop

Sign up to receive market up date and the latest in real estate news!!

Search

  • Search
  • Buying
  • Selling
  • Cities
  • Neighborhoods
  • About
  • Blog
  • Contact
“Three Trees” icon indicates a listing provided courtesy of NWMLS.
DMCA Notice
The information contained in this listing has not been verified by The Johnson Team Real Estate at  Muljat Group Realtors® and should be verified by the buyer.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

DMCA Notice

Copyright © 2023 · Office Help Center Log in