Offered by: Scott & Lora Nordby – Berkshire Hathaway HomeServices
Even as the seasons change weather patterns, we also see shifts in real estate trends. The winter months (particularly during the holiday season) tend to bring less listing and buying activity. After the new year begins, we see a predictable increase in the number of new homes on the market and buyers looking to capitalize on the lowered prices from weeks before. As the ground thaws and temperatures begin to increase, the market also heats up. In 2019, average prices for detached single family homes increased 9.2% from January to July.
After Independence Day, we begin to see price reductions, with that trend continuing throughout the rest of the year. Inventory increases through September, until decreasing through the rest of the year. Did you miss your opportunity to get the best price for your home? NO! Interest rates are still low, so that means there’s plenty of buyer interest in the marketplace.
If you’re interested in listing your home this autumn:
- Talk with your real estate professional now. With prices decreasing throughout the rest of the year, you want to make the most of the time you have.
- Get photos done now, before the winter. Photos tend to show better with color on the trees. Ask about getting photos done now, even if you wait to list after winter arrives.
- Understand the pricing strategy so your expectations are reasonable. The proper listing price determines so much about when and how much your house sells for.
- Most of all, set goals with your REALTOR® to ensure you are both on the same page. Looking to be sold by Thanksgiving? Concerned about getting the right buyer? Solid communication up front can reduce a lot of stress once the house is listed.