As many of you know the housing market flows closely along with our four seasons. In the summer months, the market is in high demand, homes spend less time on the market, and prices have an upward trend. While there are many that enjoy the perks of the summer months, the cooler months do not fall short when it comes to interest. The Fall marks the beginning of the market slowdown, which can be prime timing for new investment property acquisitions.
It’s no surprise that DMAR’s February data showed new listings for detached and attached homes at the lowest levels since 2014. With the stability of homeownership in contrast to the current volatile market, it makes perfect sense why many potential home sellers are hesitant to jump into a changing environment.