In most markets, the Spring season is the most important time of year for buying or selling a home. However, with stay-at-home orders imposed in many markets by mid-March, some new listings never saw the light of day. In addition, tightening in the mortgage markets and job uncertainty discouraged many buyers from looking for a new home this year.
Now, as states explore reopening scenarios and people learn to navigate the new normal, both buyers and sellers are starting to take a fresh look at their options. An active late-Spring or Summer market is expected to develop, allowing hopeful buyers and sellers to fulfill their 2020 real estate goals.
How should you plan for this Summer market? How will it differ from a traditional Spring market? Below are the best tips for both buyers and sellers for an effective and profitable Summer real estate market.