Homebuyers in 2020, Let’s Get Started

Homebuyers in 2020, Let’s Get Started!

Out with 2019, and welcome January 2020. The winter temperatures are here.  Now that the holiday season is over, there are many sellers that are ready to get their home on the market. So, if you are one of the homebuyers in 2020, then let’s get started with your plans to be ready for the market now.

A recent analysis from realtor.com found that while most people believe spring to be the hottest season for homebuyers. But homebuyers in 2020 are starting their search earlier in the year. January has become one of the most active times of the year for potential buyers on the market for a new home. So don’t wait until spring season!  Statistically the hot season for real estate in Gainesville is between March-August, but local buyers should start now in January. You may have less competition with other home buyers!

20 out of the 100 largest metros in the US saw their highest number of listing views online in January 2019 (based on average monthly views per listing on realtor.com 2015 to 2019)—compared to just three in 2018. And according to the realtor.com team, this trend is poised to continue in January 2020.

“As shoppers modify their strategies for navigating a housing market that has become more competitive due to rising prices and low inventory, the search for a home is beginning earlier and earlier,” said realtor.com® Senior Economist George Ratiu in the analysis’ press release. “With housing inventory across the U.S. expected to reach record lows in 2020, we expect to see this trend continue into the new year.”

So give us a call and let’s get started! Become a homeowner in 2020!

The Takeaway:

So, what does this mean for you? If you’re thinking about buying a home in 2020, don’t wait until spring to start your search—because as it turns out, January is the perfect season for house hunting! And, if you’re thinking about selling, it’s not a bad idea to get your house on the market before the actual Spring market.