As laid out in a recent report from CNBC, here are some trends that have changed how homebuyers will shop for homes in 2020:
Last year, the number of homes for sale was down by 9.5% annually. From 2015 to 2018, the most popular month for looking at online listings was April, with January lagging behind by a full 16%. In 2019, however, January was the busiest month for Realtor.com because of the high competition for homes.
The search for homes is starting earlier and earlier; buyers are tired of competing with so many people over one house. They’re also tired of paying way above the list price and losing their negotiation power.
If you’re serious about purchasing a home this year, don’t wait until April! Give us a call today for a private, no-obligation, free buyer consultation so we can get you the best possible deal on your new home. Hope to hear from you soon!