Following a weak real estate market which prevailed in the latter portion of 2013, the current 2014 market is displaying considerable strength. Consumer confidence appears to be up, home prices are on the rise and warmer Spring weatherfinally appears to be on the way. The inventory of good homes available for sale is notably low and as a result we are seeing the reappearance of competing bids on well-priced, well-prepared listings.The term “Spring market” specifically refers to the months April & May.
For Sellers, this is the 61 day period where the greatest number of homes are sold in the calendar year.
For Buyers, this is the highest period of isting activity in the calendar year.
In the calendar year 2013,
26% (1 in 4) homes sold in Oakville were purchased in the months April and May!