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Use the above chart to guide you with whatever plans you have for 2016 in pursuing your dreams.
The chart above shows a rising trend from January to May. Then it dips during the summer months when children are off school and families goes on vacation. |
The above chart shows the monthly average resale home prices for the last 4 years. Needless to say, it gives you an idea as to when to buy or sell. You may use these information in conjunction with consultations with your real estate agent.
There are other factors that may affect the timing of when to go into action with your plans such as:
- Curb appeal- if you feel properties will show better when the snow is gone then spring may be a good time for you
- Government policy- starting next month the minimum down payment (5%) to buy will be raised to 10% for the amount in excess of $500K.
- Interest rates- how important is it to you? If yes, then NOW is the word as rates are at an all time low
- Schooling- the school year end in June. Is it okay with you to move children between schools when you move.
Help is only a phone call away and it is FREE. Speak with you real estate professional. Note the month when the rising trend in prices starts which is the beginning of the new year.
