Find Real Estate Agents and Homes for Sale

Real Estate News --> Virginia News

Groundhog Day and Predictions for the Spring Real Estate Market

The message to Sellers: No need to sit out the market any longer, spring has begun in the Northern Virginia real estate market. It is important to work with a Realtor that is experienced and knowledgeable on how to navigate the rapidly changing market ...

Archived Story

The Groundhog Day event occurs in a small town in central Pennsylvania each year on February 2ndPunxsutawney Phil predictions of whether the weather will bring an early spring or whether there will be another 6 weeks of winter are broadcastes across countless media platformsIn 2018, it was the latterWhether Phil sees his shadow or not often marks the spring real estate market kick off.In those markets that experience winter months of snow and/or cold temperatures, people often exhibit cabin fever and are ready to get out and about and tour homes as soon as there is a sign of springRealtors predict an early spring market by several indicators, the strongest of which is attendance of prospective buyers at Sunday open housesThus, it is helpful to track the actual number of people that visitIf it is trending up, then that is a good indicatorAll signs for 2018 to date are showing phenomenal open house activity for homes priced correct and in good condition.By February there is often a significant increase in the number of Sellers who are preparing their homes for the marketMany have been waiting on the sidelines for springtime to appearThus, another indicator to watch is the rate that homes come onto the active market or in coming soon statusIf it is a faster clip than demand is absorbing them, then that is a sign that supply is building up.Sellers may want to consider the potential advantage of being early on the marketKnown as "first-mover advantage," in this way they may beat out competition.The message to Sellers: No need to sit out the market any longer, spring has begun in the Northern Virginia real estate marketIt is important to work with a Realtor that is experienced and knowledgeable on how to navigate the rapidly changing market conditions.The message to Purchasers: The lack of good homes to buy at market prices means that this is not a time to do it by yourselfIt is even more critical to be represented by a professional Realtor that you can trust.Springtime always follos winter, thank goodness! Even though the Groundhog predicted a longer winter season in 2018, either way the spring market will come.Subscribe Back to the McLean Patch Thanks for your feedback.Thanks for your feedback! Now share it with your friends! This post is contributed by a community memberThe views expressed in this post are the author's ownRegistered users are welcome to post on Patch. More from McLean PatchUp next on McLean Patch Land Purchased For Proposed Tallest Building In The Region DC Area Among Best Real Estate Markets To Invest In: Forbes National Pizza Day 2018: Where To Find Free Food & Hot Deals ga("send", "event", "taboola", "served", "impression", 1, { "nonInteraction": 1 }); if (mobile_detect.is_phone) { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-b', container: 'taboola-below-article-thumbnails', placement: 'Mobile Below Article Thumbnails', target_type: 'mix' }); } else { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' }); } window._taboola = window._taboola || []; _taboola.push({flush: true}); var disqus_shortname = "patchmedia"; var disqus_identifier = "27465972"; var disqus_title = "Groundhog Day and Predictions for the Spring Real Estate Market"; var disqus_url = ""; jQuery(document).ready(function() { jQuery('#show-disqus, .btn-comment-now').on('click', function(event){ jQuery.ajax({ type: "GET", url: "", dataType: "script", cache: true }); jQuery('#comments-guidelines').show(); !== 'show-disqus' && jQuery('html, body').animate({ scrollTop: jQuery('#disqus_thread').offset().top - 220 }, 1000); jQuery('#show-disqus').slideUp(); return false; }); location.hash === '#comments' && jQuery('#show-disqus').click(); }); Show Comments Patch Community Guidelines Patch welcomes contributions and comments from our usersWe strive for civil, enlightened discussions on Patch stories and local issuesPlease abide by our posting standards: Be civil No profanity No personal attacks or insults Stay on topic Users who violate our posting rules will have their comments blocked or deletedUsers who flagrantly violate our standards can be banned at the moderator's discretion. × What are Featured Events? Featured Events are paid listings by users and receive priority placement on Patch, on our social pages and in our daily newslettersTo promote your local event on Patch, click here. Feature your event on Patch now Featured Events Feb 10 Remodeling Done Right: A Cost Guide Feb 11 Summer Opportunities Fair for Kids ages 7-18+ + Add your event on PatchFeb9See More Events Near You > × What are Featured Announcements? Featured Announcements are paid posts promoted by Patch community membersTo promote your local announcement on Patch, create an account and start posting here. Feature your announcement on Patch now Featured Announcements Parents Night Out Hosted by Girl Scout Troop 2325 - Saturday, February 10, 2018 Added by Christiane Lourenco + Add your announcement on Patch Trending Now Across PatchHe Was Dead For 28 Minutes; Homeless Man Saved Him Judge Suggests Defendant Get Tubes Tied — She Does Girl Scout Sells Cookies Outside Marijuana Shop Couple Searches Raw Sewage To Find Ring: Worth It? Drug Dealer Packed $10M Worth Of Fentanyl In Fish Nearby PatchesTysons Corner Falls Church Bethesda-Chevy Chase Vienna Potomac Arlington TopicsArts & Entertainment Bulletin Board Business Community Corner Health & Fitness Home & Garden Jobs Kids & Family Local Deals & Classifieds Local Voices Obituaries Pets Police & Fire Politics & Government Real Estate Restaurants & Bars Schools Seasonal & Holidays Sports Traffic & Transit Travel Weather Corporate InfoAbout Patch Careers PartnershipsAdvertise on Patch SupportFAQs Contact Patch View All Patches Patch Network Terms of Use Privacy Policy © 2018 Patch MediaAll Rights Reserved. Swipe for more from Patch » × Get free real-time alerts for McLean. Success! You're now signed up for local updates. Close Daily Newsletter The latest McLean news delivered to your inbox every morning. Breaking News Alerts Real-time updates on breaking stories in McLean. Let's go! var _sf_endpt=( new Date() ).getTime(); var _sf_async_config = _sf_async_config || {}; /** CONFIGURATION START **/ _sf_async_config.uid = "12406"; _sf_async_config.domain = ''; _sf_async_config.useCanonical = true; _sf_async_config.sections = "virginia,mclean,Patch 4.1"; _sf_async_config.authors ="Karen Briscoe"; _atrk_opts = { atrk_acct:"qKjWj1a0Sn00GK", domain:"",dynamic: true}; (function() { var as = document.createElement('script'); as.type = 'text/javascript'; as.async = true; as.src = ""; var s = document.getElementsByTagName('script')[0];s.parentNode.insertBefore(as, s); })(); window.fbAsyncInit = function() { FB.init({ appId : '521361477908471', autoLogAppEvents : true, xfbml : true, version : 'v2.10' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); = id; js.src = "//"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); var disqus_shortname = 'patchmedia';

Trending Virginia News:

  • Established Hampton Roads Commercial Banker, Ed Putney, Joins Virginia Commonwealth Bank
  • Va.'s Natural Bridge Sold, Destined to Be a Park
  • Doctor who loaned Va. gov money offered board post
  • GFH to buy US Virginia Data Centre
  • SBA Offers Help To Virginia's Eastern Shore
  • Virginia Beach city council reviews ‘special’ budget proposal
  • Trump's regulation freeze makes losers out of some U.S. businesses
  • Records: Virginia governor has restructured mortgages, partnerships amid costly scandal
  • Goldman buys real estate portfolio from Lehman
  • Local Habitat for Humanity Says New Bill Could Help 'Blight Fight' and Deserving Families
  • PHOTOS: See Jackie and John F. Kennedy's Virginia Estate, Now on the Market for $5.95 Million
  • A new office building is up and running in Virginia Beach
  • Browning Homes Group Has Hired Cathy Sheedfar
  • Wilmik to expand Virginia Beach headquarters
  • Kenya Real Estate: Boom, Bubble, Or Bust? Less Than 10% Can Afford A Mortgage
  • Heidenberg, Strategic Real Estate Acquire Shopping Center in West Virginia for $35.9M
  • Outstanding Analyst Ratings For Sirius Real Estate Ltd. (LON:SRE)
  • How This 29 Year Old Is Building A Real Estate Empire
  • Albemarle County receives award from Virginia Government Finance Officers Association
  • Voters may decide on Virginia Key marinas