It’s time for everyone’s favorite groundhog, Punxsutawney Phil (Full name: Punxsutawney Phil, Seer of Seers, Sage of Sages, Prognosticator of Prognosticators, and Weather Prophet Extraordinare) to emerge from his burrow and predict whether spring is on the way or if we should prepare for another six weeks of blustery weather. Will he see his shadow? Will he not? Why do we care?
Of course, we all know that Groundhog Day is about predicting the weather, but do you believe that Phil may possibly predict the Seattle real estate market too? Get the details about this quirky holiday and you may be convinced.
After early sightseers gathered in the late 1800s to watch the fanfare of Phil’s prediction for spring, folks would head over to Gobbler's Knob (a real town!) to enjoy a feast consisting of various tasty groundhog dishes and groundhog punch! Luckily the dining portion of the celebration has changed considerably.
It makes sense that groundhogs are good prognosticators of spring, just not with a shadow. A groundhog hibernates during the winter, so when the ground warms and he emerges, it signifies that spring is on the way. And because February 2 is mid-way between the winter and spring solstices, it’s the perfect day to check for an early spring.
So, back to the real estate question. Can Punxsutawney Phil predict trends in the real estate market?
Well, why not? If Phil predicts spring, it seems likely that he’s predicting an early spring real estate market, too! But what if Phil predicts six more weeks of winter? It’s still time to get your pre-approvals ready or to chat about listing your home in 2023. Phil is predicting a great spring real estate market whether he sees his shadow or not—you heard it here first!
Need help navigating the market despite an early spring/late winter? Give me a call today! I want to be your Seattle Realtor. (206) 261-2068