The Philadelphia Real Estate Blog

head_left_image

Where is the Spring Market ?

Where is the Spring Market ?

Where is the Spring Market ?Typically this is the season where everyone is excited as the activity is at its highest amount of the year.  Deals are to be had everywhere !  Buyers are everywhere !  Sellers are thrilled that they have one or two offers !  Real estate agents are at their peak production levels.   But wait a minute... is that happening ?

In our area, the days on market are ticking up.   The inventory is creeping up.   I am seeing that there was more activity (showings) on some of our listings that were on the market in January and February at higher prices than the same listings at lower prices in April and early May.  Strange.... 

 

 

The good news is that it is still early May so perhaps we will be seeing a late spring market in Philadelphia.   Interest rates are still at their historically lowest levels ever and the real estate menu is delightful for a buyer to choose from.  And we cannot forget that last year at this time, we were going through the madness and excitement of the First Time Buyer Home Buyer Tax Credit .  

Do not get me wrong.  We are still quite busy.   But with the increase in inventory that I am seeing and the days on market ticking up, it is an interesting trend.    What is in store for us for the rest of the spring and summer ?  Only time will tell !

Great news for buyers though as the buyers market remains in full force !

What are you seeing in your market ?

Feel free to subscribe to our blog or our monthly newsletter to stay up to date with our latest posts and information on the Philadelphia Real Estate Market.  You can also sign up to receive the Philadelphia Real Estate Blog via email.

The Philadelphia Real Estate Blog  The Somers Team on Facebook  The Somers Team on Twitter  The Somers Team on LinkedIn

 Bookmark and Share

Where is the Spring Market
share
Where is the Spring Market Typically this is the season where everyone is excited as the activity is at its highest amount of the year. Deals are to be had everywhere Buyers are everywhere Sellers are thrilled that they have one or two… more
Spring Market Fever - do you feel it
share
Spring Market Fever - do you feel it The first day of spring has just come and past. In Philadelphia the second and third day was quite cold but that is okay. It is okay because I am pumped up for Spring Fever - for both the WORLD CHAMPION… more