When Will Home Buying Activity Ramp Up in 2019?
Scott P. Rogers
It should be no surprise that buying activity (contracts being signed) slows down over the Winter. As shown above -- an average of 75 buyers sign contracts in January, which then increases a bit, to 87, in February, and then makes an even larger jump in March to an average of 134/month.
So, we're going to say the March is when we first seem a big jump in buyer activity. For that reason, many sellers wait until March (or even April) to put their homes on the market -- though the Spring market brings more competition from other sellers in addition to meaning that we'll start to see more buyers.
Of note -- so far there have been 19 contracts signed in 2019 -- so still a ways to go to get to that average of 75 in January.
So, we're going to say the March is when we first seem a big jump in buyer activity. For that reason, many sellers wait until March (or even April) to put their homes on the market -- though the Spring market brings more competition from other sellers in addition to meaning that we'll start to see more buyers.
Of note -- so far there have been 19 contracts signed in 2019 -- so still a ways to go to get to that average of 75 in January.
