July 28th, 2010, posted by Brandon
With 100+ degree heat baking the real estate market this month, and snow measured in feet only a few short months ago, I am frequently asked – does the weather impact the real estate market? The short answer is yes. The engine that drives the real estate market are buyers who physically are touring homes – many of which are only moderately motivated in today’s environment. Therefore, weather conditions can definitely cause buyer traffic to change and therefore the sale can be pushed down the road. My advice to my seller clients is to focus on what you can control – which is property condition, and price. The weather will change eventually and the buyers will be back out looking at property so “chill” and you’ll see a change soon. If you’re not sure about your particular situation, contact me and we’ll go through the particulars. firstname.lastname@example.org or 202-318-1623.