Monthly Market Update: February 2019 vs. February 2020

Comparing the stats year to  year ensures that North Eastern Group Realty’s agents all have a full understanding of the current real estate market. This most recent update comparing February 2019 to February 2020 is a great tool not only for your agent, but for you as a buyer and seller. We want to keep YOU informed as well. Take a look at the stats and what they mean for us right now:

The Best Week to List a Home is Quickly Approaching!

Home sellers expecting the quickest sales may want to make sure the house is in tip-top shape for showings because a big week in the housing market is quickly coming. The best week to put a home on the market is March 31 to April 6, according to a new analysis from®. Researchers analyzed the 50 largest real estate markets in the nation over the past three years to determine the best week to sell.
During the week of March 31 to April 6, homes are listed, on average, for 6 percent more than at the beginning of the year-an extra $17,000, according to the study. Homes for sale that week also tend to fetch 14 percent more views on® than at other times of the year. Further, listed homes sell about six days faster. The homes also see less competition that week; the highest number of homes tend to go up for sale in late spring, the study notes.
Homes listed for sale don’t tend to get the highest prices in April. Home prices tend to peak around June, according to®’s study. However, sellers face less competition and homes sell quickly during the first week of April, the study concludes. “Sellers have to think about the competition in a way they haven’t before,” says Danielle Hale,®’s chief economist. “Getting ahead of other potential sellers could be even more of a bigger advantage this year given market conditions.”
Lower mortgage rates currently may also entice more buyers to jump in the market sooner than wait. Rates are expected to rise later this year. The 30-year fixed-rate mortgage dropped to a 4.31 percent average last week, according to Freddie Mac.
Source: “The Best Week of the Year to Put Your House on the Market Is …”® (March 14, 2019)
At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne Real Estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne Realtor, visit our website at
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845