As a Real Estate agent in Calgary for 10 years I cannot tell you how many times I have heard clients say that they are going to wait till spring to sell their home. Read on to find out if this myth is true?
Yes it is true that Spring always brings out more buyers so there is more activity in the market.
Yes it is also true that Spring brings out more sellers so the competition is also more fierce.
In my opinion every year is different and you cannot predict the future with 100% certainty. If you wait till spring more sellers may come out than buyers in which case you would be at a disadvantage by waiting till spring.
The key ratio you want to look at is the Inventory turnover which is simply the Total number of listings divided by the number of sales for the last 30 days. This gives you a number called Inventory Turnover or Absorption rate. The lower the number the better the market is for sellers.
To find out current numbers please contact your favourite Realtor.
Gord, Eric and Brent