Traditionally, the busiest time of year in real estate is the spring, followed by the fall. From February to June, buyers are hitting the pavement looking for a new home so that they can complete their purchase and move in prior to the end of summer. Sellers are also more likely to list in the spring as they are usually looking to either trade up to a bigger home or downsize to a condo or townhouse, ideally before the end of summer. The summer months find people busy outside enjoying the sun and on family vacations. Once September hits, we once again see buyers actively looking and sellers putting their homes up for sale.
That said, the real estate market in the Lower Mainland has seen a lot of buyers unable to find the perfect home. As a result, we have seen a lot more activity in the normally quieter periods. The good thing for sellers is that anyone looking in the off-season is usually very serious and there is much less competition.
If you are wondering if it is a good time to buy or sell, give me a call. I would be happy to explain the current real estate market to you.