Portsmouth NH Spring Real Estate Market Trends

Spring is typically a busy season for real estate. There are both a larger number of listings and buyers on the market. If you are thinking about buying or selling this Spring, this article offers Portsmouth NH Spring real estate market trends.

Spring Trends

The Spring tends to be a less hectic season from a scheduling perspective. In the fall, kids children return to school and families are busy adjusting. Then arrives the winter season with shopping and parties. The new year brings tax season. Only after that will schedules open up for most. The sun is out longer, the weather gets warmer, and people can take on more during the spring and summer months. Because of this, Spring is a busier time of year for real estate.

Number of Listings

Sellers usually think that their homes present better in the spring and summer and that this will result in a higher sales price. They naturally start cleaning up the exterior of their home as the weather gets warmer and flowers start to bloom. The extended days also grant a little more time for all of this. The Spring will bring an influx of home listings as a result. This also leads to more competition, so sellers should carefully evaluate pricing their listing properly to achieve a prompt sale. They should also simplify showing instructions. Buyers may pass by ones with difficult or limited showing options. With well thought out pricing and showing arrangements, Sellers can make the most of the Spring market.

Buyer Competition

Buyers also have more time to focus on their property search in the Spring and enjoy the availability of options to choose from. It is important for buyers to remain focused on their criteria rather than attempting to see everything for sale. The best homes will go quickly because of the volume of competing buyers. Those who shift from their original criteria may end up losing the home of their dreams.

Portsmouth NH Spring Real Estate Market Trends

To make the most of the Spring real estate market, get advice and guidance from a skilled real estate broker. For sellers, it is essential not to price too high or lose momentum. Buyers can keep up to date on newly listed homes with resources from a real estate agent and their direct access to the MLS system. It is also important for buyers not to lose perspective and overloaded with the amount of listings. With a little guidance and support, you can achieve your real estate goals for this Spring. For more Portsmouth NH Spring real estate market trends, contact John Wells at Wellsco Realty by calling 978-518-1481 or emailing teamjohn@johnpwells.com.

About Editor-John P. Wells

I am a resident of Newburyport and have worked in education, high tech and urban development. My interests in architecture and construction are invaluable to my clients. For more information please visit the Wellsco website.