There are definite signs that buyers interested in purchasing homes are starting early this year. In a typical year, new contracts for home sales decline significantly after Thanksgiving, and the real estate market is dead through year end. Within a week or two after the New Year, we begin seeing a few buyers poke their heads up from the ice and snow. But any significant buyer interest is typically not noticeable until sometime in mid-February to early March.
This year is different. Not sure why, but it is. Here are two indications of early interest that I’ve seen just in the last week:
First, I listed a home a few days ago, and I had an offer that very day. And it was a good offer. In fact, the offer was made without the buyer seeing the home!
Second, my proprietary website, www.homesintheglen.com, had a near record number of first time visitors (556) last week! I haven’t seen that number of first time visitors since the top of the market last July; and it’s the second highest number ever on my site.
I should say that my Glen website, which shows homes for sale in The Glen in Glenview Illinois, is a very real barometer of buyer interest. It is the only Glen-specific, Glen-only website in existence, and it produces real home buyers. I have been able to track visitors to sales rather easily. So, let’s look at a comparison of that 556 visitor number to previous years. In the same week a year ago, the site had 336 first time visitors. And the year before that? 368.
This time of year there are fewer homes for sale, so sellers have an advantage of less competition. It looks like this year they’ll have more than the usual number of buyers looking at their homes.
If you are interested in selling your home or in buying, please give me a call. I am an award-winning Realtor affiliated with Coldwell Banker in Glenview, Illinois.