What Fall Showings Can Tell Us About Spring

For a lot of us, it's still hard to believe summer's over and the clocks have already rolled back. But it is November and the holidays are just around the corner. So maybe it isn't too soon to start thinking about spring. If you're a potential home buyer looking to make a move in the next six months, it's definitely not too early. In fact, it may be the perfect time to get a feel for what you might expect when the housing market starts to heat up again. One good indicator for where the market is headed is how many showings are being scheduled for the homes currently listed for sale. And, if the past is any indicator, you can tell a lot about what spring will look like based on what happens the previous fall. For example, last year's fall market was atypically competitive – which could've tipped you off that the following spring would be among the hottest in recent memory. So how's this fall been looking so far? Well, according to recently released data, the number of scheduled showings has been around 5 percent lower than it was at the same time in 2020. That's a pretty good indication that the spring market will be less hectic than this year's was, with price increases slowing and a higher number of homes for sale. (source)

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