The general consensus at the William Raveis Agent Advisory Council meeting seems to say that the spring market is ready to “POP”. Customer feedback seems to be saying that buyers and sellers have been waiting on the side lines due one of the snowiest winters here in the Connecticut and Westchester County, New York area. In the past two weeks there has been a pick up of activity in Connecticut and Westchester County with an increase in office phone calls, rental demand increasing and even multiple offers on some listings have been reported. The William Raveis Real Estate website has seen a dramatic increase of use recently.
Some of the important factors causing this are:
Inventory has been slow to come to the market mainly due to all the snow New England has been getting since the end of December. Seller do not want to deal with the slush and mess of showing houses, majority of buyers seem to be waiting so they can inspect yards and outside of buildings.
This is causing pent up demand in some areas, buyers are circling around waiting for that perfect fit; if homes are priced to match the current market conditions you can see multiple offers and accepted offers within a week of listing.
Mortgage Rates are another factor playing a big part as they are creeping up causing concern to buyers and seller alike. Even though they are still at a 40 year low they are moving up causing buyers to want to lock in ASAP. Sellers also realize that if mortgage rates go up, then the buyer has less spending power to buy homes.
The dynamics of real estate is complicated but it seems like the spring market is ready for an upswing and growth in activity here in the Connecticut and lower New York region. William Raveis website offers FREE local up to date housing data and statistics along with MLS listings, mortgage rates, mapping of neighborhoods and more.
The WR Advisory Council of CT/NY meets every six to eight weeks incorporating all the offices in Connecticut and New York for up to date local real estate news, company news and updates, real estate statistics and feedback.
William Raveis is the largest family owned real estate company in New England and is not a franchise, all offices work together to bring nothing but the best service . Bill Raveis motto is the client is #1, customer satisfaction is #1 with all clients treated at same highest possible professional standards be it a one week rental or a $10 million sale.
David Popoff is a license Realtor in Connecticut with William Raveis office in Darien. A life time resident of Fairfield County he has worked throughout lower Fairfield County and now resides in Darien, Ct since 2004.
- Member of the Connecticut Association of Realtors, CAR.
- Member of the National Association of Realtors, NAR.
- David Popoff is an accredited LEED Accredited Professional (LEED AP) Homes and USGBC member of the Connecticut chapter (CTGBC).
- Associate member and an accredited Certified Green Professional (CGP) of National Association of Home Builders (NAHB) and the local chapter HBRA-Fairfield County, Ct. .
- Contact David Popoff for all your real estate needs in Darien, New Canaan, Rowayton and other parts of Connecticut.