Most people presume that the spring market occurs when the flowers are in bloom and the backyard looks there finest. If this were true, the spring market would not peak until May and June. However; in the Toronto/York Region real estate industry we find that the spring market actually starts by the middle of February. This is likely the result of residents in the Greater Toronto Area feeling house bound and stir crazy as a result of being trapped indoors for the last two and a half months because of the winter weather. As soon as the slightest indication appears of a change in weather, people get out on the house hunt.
Young families also find this to be the ideal time to get out searching because they are looking to have their deals close while their kids are out of school in July and August. This is a very important selling feature for young family purchasers as it provides their children the opportunity to finish the school year at one school and start fresh in their new school the next September. With an average closing time of a real estate deal being 60 to 90 days, many of these consumers are seriously looking and making their purchase decisions in March.
If you are considering a move and are waiting for the active “Spring Market”, we recommend getting started on it now. Call us and we will guide you through the process of being totally prepared for the spring market. The Time is NOW!