Whether you are buying or selling a home this winter, you are no doubt frustrated by the slow market. February usually marks the beginning of the Cape's busy spring market, but because of record snowfalls throughout the region (and more coming all the time), we have yet to see the usual uptick.
The effects of the snows are shot through the entire market: sellers are delaying putting their homes on the market because of the difficulty of keeping their homes clean and ready to show; buyers are unable to make appointments to see homes because of the unpredicable weather; those buyers who do have the desire to see homes are struggling to actually make appointments because many homes here on the Cape are not plowed or shovelled out; if you already have a transaction in the works it can be difficult or impossible to inspect basements, crawl spaces, septic systems, and more because of the snow.
All these factors have conspired to make February a very challenging month for the real estate industry. However, with spring right around the corner, don't despair! With interest rates still very low, a balanced market, and a predicted surge of inventory, we expect March and April to be great months to buy or sell a home.