Spring: The big season for home sellers June: For buyers, the hunt is heating up June is the month buyers begin looking for their dream homes in earnest. And real estate agents say the game is on. This June buyers are expected to outnumber sellers in most locales, says Lawrence Yun, chief economist for the National Association of Realtors (NAR). That means there will be lots of buyers who can't find their dream home unless they get in the game early. Because the supply of homes is low, prices are going up. The nationwide median price for an existing single-family home was recently $213,800, or up 8 percent from last year. This year's pricing is part of a 47-month upward trend of gains, according to News Corp, which own The Wall Street Journal and also owns realtor.com, NAR's listing website. Lenders are saying that it's a busy borrowing season. "There's a decade of pent-up demand," says Bob Walters, chief economist of Quicken Loans. In March, he says loan volume for home purchases was at its highest level in four months, and low interest rates are also fueling a mini-refinance boom. The average interest rate for a 30-year mortgage was 3.74 percent for the week ending March 4, according to mortgage rate website HSH.com. In June borrowers should still be able to find mortgages at less than 4 percent, a great rate historically. To avoid delays in closings, lenders recommends getting into the market as soon as possible. They say the number of mortgage seekers is expanding every day. Lenders are pushing for preapproval, which requires full documentation, to be submitted to an underwriter. Preapproval can save up to 10 days in the closing period and gives you an advantage when there is competition for the same house.