Summer time is here, and the summer real estate market is heating up! When winter releases the Palouse from it’s icy fingers, the market starts to pick up. Home inventory is always low in the third and fourth quarters of the year, but spring brings an increase of local sellers and the market tends to flex upwards. This real estate “prime-time” fluctuates each year, but usually occurs in mid spring. By this time each year, the real estate market is wildly flexible and homes are literally (or not) flying off the MLS! Now is the optimal time to start looking into your new home purchase.
Our current market is greatly leaning towards sellers. We have a ton of local buyers, and a huge influx of new people to the area. This makes our house availability even tighter, driving the prices upwards! If you are a seller, I highly recommend you consider entering the marketplace soon! Getting your house listed now while availability is low will allow us to get a higher price for your home, increasing your return.
On the buyer side, now is the most enjoyable time of year to go home shopping! The landscaping really starts to shine, and homes tend to “pop” in the sunlight. It is also easier to notice outside details of homes that are often covered in snow during winter! Another great benefit is knowing how the neighborhood “functions” during winter months, people tend to stay inside where its warm! How the neighborhood “feels” is much more evident during the summer months. You can see how many people take their kids outside, it there are local dogs, how clean it is, etc. The vibrancy of the area usually makes a difference to buyers! Buying summer real estate is a great experience for everyone, and is a benefit of living in the Great USA! Enjoy your summer, have many fun times, and come see me when your ready to buy or sell your home!