Right now, it seems OK. The yard has little in the way of topsoil...typical land developer move is to strip and sell the topsoil in a new development, then plant grass on the remaining "soil". When the property was sold 15 years ago, it was a farm field.
The back yard was literally a hay field when we moved in last summer...there are a lot of bare spots (greater than 20 feet in diameter) now, where the resident weed population died back over winter. We reseeded last week, and have had a few rainstorms; so the seed should be in good shape.
I'm probably going to wait until the end of May and just use a generic fertilizer...probably not even necessary, but figured I'd give it a whirl since its a new-to-us home.