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The NWMLS latest Press Release showed an Icy February market.  A reflection on the weather?  Some think so, and I happen to agree!  Although inventory levels rose, pending homes dropped.  The snow certainly had an effect on people's ability to get around (myself included!) which only makes sense the market had less than normal activity.  Here are a few key points:

  • February pending sales dropped nearly 14 percent.
  • Showing activity dropped more than 41 percent the week of the heaviest snow.
  • Inventory levels show a 42.3 percent jump from twelve months ago.
  • Prices appear to have bottomed out to around year-ago levels.
  • As February temperatures plunged, prices in most counties started heating up, rising from a year ago as well as when…

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There’s no shortage of advice online about the best time to list, and it all goes something like this: The vast majority of home sales occur when the weather heats up, and homes sold during this time of year tend to attract high prices. Conventional wisdom tells us it’s best to list early in the year. That way, you’re sure to benefit from the Spring peak in sales, and the premium pricing during the warmer months as well. List too late, we’re warned, and you could miss this warm weather bump.

At first blush, this conventional wisdom seems particularly wise. After all, there’s one thing that all homeowners looking to sell have in common — they want to do so as quickly as possible, and for as much money as possible. Listing early, in theory, means…

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