Spring is here!
Inventory is finallyÂ creeping up as home sellers begin to put their houses on the market now that the spring thaw has begun. Needham currently has 106 active listings and Dover has 57. In Wellesley there are 144 homes on the market and in Newton there are 161 homes for sale. These numbers are all up from a few weeks ago when the deep snow had the area socked in. These numbers have increased despite the fact that many houses have also gone under agreement in the last few weeks, which indicates a healthy spring market so far. Although many believe the spring real estate market begins when the flowers start to poke up from the ground, it actually begins before the snow has even melted. Many years this means mid-to-late January in the Northeast. The spring market extends to early June, but by then most buyers have already found a home and plan to move in before the vacation season begins in the summer and before school starts in the fall. So if you are thinking of listing your home for sale, do it soon before that pool of buyers select other homes and leave you out in the cold.
With eyes on the sky and talk of flooding this week, now isÂ actually a great time to view houses. If a particular house is prone to flooding, you'll see it first hand. When it's rainy and dark outside, you'll get a sense of how bright a home's interior is on grey days. As the snow melts, it's easy to see which lawns are healthy and which didn't weather the winter quite so well. See a home at it's worst, as well as it's best, before you plop down a hefty deposit.
Happy house hunting and stay dry!
Sandy Tobin, ABR