Based on January and February 2012 data the market this year will remain strong. Based on previous years, there will be about 300 homes coming on the market in the 22182 and 22102 zip-codes in March and April alone. Throughout the summer until August, about 65 homes will sell per month.
If you look at the graphs, it is obvious that sellers in Tysons Corner like to put their homes on the market in March and April. Purchasers seems to prefer purchasing in the hot days of June and July (homes that close in June and July will typically have contract dates in the April-June time-frame.)
So, what to do if you want to time the market? In general you should buy and sell when you are ready. That being said, many will try to use the market trends to their benefit. So, here are some thoughts on using the trends to your advantage.
As a seller, to avoid the March-April rush you could try listing in January or February. That way you may take advantage of any pent-up demand from the winter months. Alternatively you could try listing in May. Your new listing will look attractive with few days on the market as compared to homes having been listed in March and April. You may also take advantage of the high number of closing sales in the June-August time frame.
If you have a choice – when should you purchase a home? You could try to get an early start on the large inventory being listed in March and April instead of joining the crowd purchasing in May-July.