While Calgary’s housing market sees activity all year round, March consistently marks a significant shift, kicking off the main home buying and selling season. Several factors contribute to this springtime surge:
1. The Thaw: Calgary winters can be harsh, making it less appealing to trudge through snowdrifts for house viewings. March brings milder weather, making getting around and appreciating a property’s outdoor space easier. This leads to more showings and ultimately, more sales.
2. A Fresh Start: People feel refreshed and ready for something new after the holidays and the winter slowdown. Buying a home often feels like part of a fresh start, and that renewed energy translates into more buyer activity.
3. More Choices: While new listings appear all year, March usually sees a noticeable jump in available properties. Sellers waiting out the winter months are likelier to list as the weather improves and buyer interest picks up. This means more options for buyers.
4. School’s Almost Out: Families with kids often aim to move during the summer to minimize disruption to school. March is key for them to start their search and secure a new home before the summer rush, allowing for a smoother transition.
5. Tax Time Boost: Tax returns often boost potential buyers financially, providing extra cash for a down payment or closing costs. This increased buying power fuels market activity.
The Bottom Line:
Better weather, renewed energy, more homes on the market, families planning summer moves, and the post-tax-season boost all come together to make March a key month in Calgary’s real estate market. It’s when things start to pick up, offering excellent opportunities for buyers and sellers. If you’re considering buying or selling in Calgary, March is a time to pay attention.
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