With the end of the football season comes the start of the spring Real Estate Market. The fact is that here in Chicago, even if the weather says winter, the market says spring. This is due to a combination of two things. First, the reality is that only the most motivated of buyers and the most desperate of sellers have stayed on the market since Thanksgiving, over the holidays and through January. But now with the sun not falling until after 5PM, the most bitter of winter likely behind us, it’s time. Also, the agents who take the same time off are now back in the market and have to earn some money. So they are getting back to it, and it’s a marketing hook for them, even if partially true.
Here in 2016 though it’s particularly relevant. This is because we have a shortage of quality inventory. So if you are a seller and your home is “ready to go” you could see the buyers come out in droves for your place. Also, if you are a buyer, you better see the new inventory quickly, it will go fast.
Finally, rates are very, very low. So the numbers are not likely to get better from here. Get out there and make your best deal quickly. The market likely does not get a ton better from here.