With the holiday season, people are buying all kinds of things for themselves and those close to them, but what about homes? In this article, we will examine the housing market and its trends during the holiday season.
During the season, it’s very common for people to want to stay in so this time is always marked by fewer properties on the market. That said though, almost instantly after there is a sharp increase in open houses. This pattern is normally seen by a drop leading up to Thanksgiving, then fairly normal leading to a slow week before Christmas, though afterwards it’s very busy. This is a general scope of the US market, though local regions may differ slightly. Overall November and December are tougher months to sell or buy a home.
While the market is slower, there are still many benefits from that. As a seller with lower competition, your home can stand out more and both buyer and seller are more serious about a transaction. For those interested in buying a home, lenders also tend to provide lower rates because of this same slow down during the holiday season as well.
We hope you found this information on the real estate market during the holiday season interesting and gave you further insight! At EverSan Cooper, we take your stress away by buying as-is, with a quick process to buy your home at market prices. Call today to book an appointment for a free home review and let us handle the rest.