After a long, cold, snowy winter there really is nothing better than waking up to the birds chirping and seeing grass on the ground, instead of snow, albeit a little muddy.

With the coming of spring, come the home buyers, and sellers.  Spring typically kicks off the ‘selling season’ and in the summer it’s in full swing. (As opposed to the southern states where they typically see steady real estate activity all year because of the milder weather).

Looking through the real estate sold statistics Feb 2011, that the Ithaca Board of REALTORs compiled,  compared to the previous year, I am theorizing that this spring/summer will yield a buyer’s market.   It’s interesting to note that 2011, so far has seen higher closed sales volume compared to 2010 at this time,  but the average sales price is lower than 2010.  PLUS, from the chart below, we can see that more units sold than in 2010.  Which is why I’m theorizing why 2011 might turn out to be a buyers market.     Take a look …

If you are considering buying, this could be the year to do so, as interest rates are poised to rise and lending practices are looking to become more strict as changes are set to take place within Fannie mae and Freddie mac. 

If you are considering selling, getting ready to sell, or are already on the market, make sure you are priced right/competitive or you may not get the showing activity or sale you are hoping for.

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