It's Spring!! Finally those snow piles are melting, and the home sellers that I've been speaking with are chomping at the bit to get their house ready to list. This "spring" (with flurries in the forecast here in Tolland, CT for today) has home listing inventory DOWN 23% from March 2014 to March 2015 in Tolland County.
A review of supply and demand states that when inventory is low, demand goes up. When demand goes up, prices tend to follow.
What does that mean to you?
As a buyer, you could expect to face increased competition and more bidding wars. That said, if you're a seller? Time to come out of hibernation! It's SPRING, renownded for being the "best" time to list your house, and shaping up to be a great one for sellers with buyers waiting for new inventory to come on the market.