SPRINGFIELD, Mass. (WWLP) – Forty-nine of our 50 states currently have snow on the ground, and that snow affects businesses of all kinds, including the housing sector.
With two big storms here in the Pioneer Valley in a little more than a week, we are all certainly feeling the effects of winter. For the real estate market, winter is generally a little slower than the warmer seasons.
As Brain Sears of Sears Real Estate began digging his family out this morning, he explained to 22News that the housing market has “peaks” and “valleys” in every season.
He said that snowstorms play a big role in winter being a slower market than in the spring time.
It is more difficult and less appealing to get out and look at houses during the winter time, but that also makes it a good time to buy, because there are fewer other buyers to compete with.
“March is only two weeks away, thoughts of spring are going to be popping up in everyone’s minds as soon as this snow melts. I would expect that spring market to start really taking off,” Sears said.
He advises that if you’re looking to sell, you should start preparing now to get your house on the market for the spring.