Navigating the real estate market can be bewildering– full of conflicting opinions and info. I stay attuned to both national and local data, ensuring accurate insights for my clients.
The housing market follows a rhythm known as seasonality. Spring is the prime home buying season, with demand peaking in May, June, and July. Sellers often wait for greenery and blooming flowers–first impressions make a big difference so those that can often wait for the Spring market will often be rewarded with higher prices.
Examining Case-Shiller data from 1973 to 2022 reveals a consistent trend in monthly home price changes. Prices climb at the year's start, peak in spring and summer, and maintain a gentler pace in autumn and winter.
Current data aligns with typical market behavior, showing a positive shift towards more sustainable price growth. Contrary to some predictions, there's no nosedive in national prices; they're transitioning into a more normalized growth pattern.
Home price appreciation is returning to its normal seasonality, a reassuring development. For specific insights into our local market, let's connect. Stay critical of headlines and seek insights from a trusted real estate professional for the real story.
