The volume of closings are down for the week with 36% selling for more than $100k over asking price. In the next couple weeks you can expect similarly reduced closings as we head into the new year anticipating new inventory.
The spring market is the time when new inventory bursts on the market, when the flowers are blooming, the skies are more blue than grey, and the market is primed and ready for movement. This used to happen in late February or early March, however in 2015 we saw the "spring" market begin in late January. I don't think we'll have to wait even that long to see an influx of inventory hit the market in 2016.
As I've mentioned in previous posts, this holiday season has been unseasonably hot with copious buyers competing for dwindling inventory. Those buyers will still be here come spring, in addition to those who sat out the holidays.
If you're thinking about moving in 2016, now is the time to get started making that happen. Don't wait. They say luck is where preparation meets opportunity, set yourself up for a lucky 2016 by calling me now to get your ball rolling before the ball drops for new year's.
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