The middle of March has been reserved for college hoops. Football is over, baseball has not yet begun and professional basketball is in the twilight of its season. As college hoops grips the nation – many buyers are coming out of hibernation to take advantage of the great deals and still record-low interest rates. The market has been picking up steam since the New Year, and it’s snowballing into a red-hot spring market. When people talk about a “Spring Market” they are usually referring to homes that CLOSE in March, April and May. These homes are typically on the market NOW.
In our office, we say the Spring Market for us starts January 1st. Based on the increased activity we saw company-wide for open houses this month, Spring has sprung! And Mother Nature agrees! The weather is warm, and buyers are out! Thinking of buying or selling? Choose the Team that finishes first in the Maryland Real Estate bracket every year!