We're approaching the spring market here in the Madison area, which means the pace of the market will quicken for both buyers and sellers. Reach out to us with any questions you may have. We're here to help.
Expectations for buyers this March
Buyers will notice a nice increase in new listings in the month of March. But along with enjoying more opportunities to purchase, buyers will also experience a noticeable increase in competition from other buyers. Many listings will sell quickly and with multiple offers this spring, so buyers should act quickly and be prepared to write a competitive offer when a promising home becomes available.
Expectations for sellers
Sellers will experience ideal market conditions as we approach the month of March. Buyer traffic and competing offers typically peak in the early spring market, when bidding wars are most common. Many properties will sell for well above the list price this spring.
Here are a few seasonal patterns from our historical data:
More properties will enter the market in March.
More buyers will schedule showings.
Accepted offers will jump higher in March.