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Spring market outlook

Why to list your house now

Created date

March 14th, 2018
Personal Moving Consultant Kristine Kluge says home sellers can get a jump on the spring real estate market by listing their houses in March.

Sellers can get a jump on the spring market by listing their houses in March.

Temperatures could still be chilly in Michigan in March, but as far as the real estate market is concerned, spring has already sprung.

Many people think the prime time for spring home sales starts in April. But if you want to get a jump on the spring market—and increase your chances for a successful sale—the time to list your house is now.

“The sooner the better, as buyers start planning their moves for when the Michigan weather is at its best,” says Fox Run Personal Moving Consultant Kristine Kluge. “You are a step ahead of the procrastinators, and you will attract the motivated buyers who want to be ahead of their competitors.”

And this year, the competition is likely to be even stiffer for buyers.

2018 predictions

Home sale prices in November 2017 (the most recent month for which data were available at the time of publication) were up 7% annually, according to analytics company CoreLogic. That was the third consecutive month prices had risen at that rate, which was significantly higher than increases seen in the first half of 2017.

What’s more, CoreLogic predicts that home prices will continue to rise in 2018, which is likely to bring savvy, well-qualified buyers out earlier in the year to get a head start on their house hunting.

“…We expect the very low for-sale inventory, especially for ‘starter’ homes, to continue,” CoreLogic’s Chief Economist Dr. Frank Nothaft wrote in a recent report. “As low inventory confronts the rising desire for homeownership by a growing number of Millennials, home sale conditions will favor the seller with low time-on-market, multiple contracts per home, and more homes that sell at or above list price.”

Expert opinion

For those who have been contemplating a move to Fox Run, this month could be an ideal time to put your house on the market. Kluge says Fox Run’s preferred real estate agents, who have extensive experience in the Detroit real estate market, expect the 2018 market to be as great as it was in 2017.

“It should still be a competitive market, as housing inventory in the metro Detroit area is still at an all-time low, meaning future residents should expect to get competitive offers and excellent prices for their homes,” Kluge says.

People who are planning to move to Fox Run are in an even better position because they can take advantage of Erickson Realty and Moving Services, a special program that offers complimentary coordination of all realty and moving needs, including downsizing, home staging, packing, and selection of a real estate professional.

Working side by side with Kluge, people moving to Fox Run will have a team of trusted professionals to help them sell their houses.

“I suggest that they meet with one or two of our preferred real estate agents, who can give them a current marketing analysis and input on any improvements or changes they may need to make to their home,” Kluge says. “I can also meet with them to lay out a timeline and plan to make the move to Fox Run.”