The spring selling season is upon us. As “For Sale” signs sprout like spring flowers, many in the residential real estate industry are gearing up for what looks to be a promising quarter.
Jonathan Smoke, realtor.com Chief Economist, commented on the spring market for an article written by Cicely Wedgeworth on realtor.com this morning:
” ‘Listings are growing as they normally do this time of the year, but because demand has been growing faster than supply, homes are selling faster,” observes Jonathan Smoke, chief economist of realtor.com. “So the monthly trend is the normal seasonal pattern, but the year-over-year decline is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory.’ “
How is inventory trending in your neighborhood? Have you seen speedier market times? Head over to realtor.com for the full story, “America’s 20 Hottest Real Estate Markets in March 2016,” to see if your city made the list.