Ahh, the holidays. A time to sit back, relax, and wait a few
months for the real estate market to start up again. Right?
Ironically, that that’s what most people believe. Just like
the public used to have a misperception that flipping houses will make you a
millionaire (we all know how the truth panned out there), there’s a major
misconception that real estate activity hibernates through the winter, and that
buyers come out of the woodwork once the spring blossoms appear.
In fact, since Thanksgiving I’ve had 8 deals go under
contract in just three weeks, plus an uptick in the number of showings on my
listings. And today, my open house was crowded with people who felt it was more
important to shop for a home than for presents.
Why all the activity this time of year? For one, with the
holidays people seem to have more flexible work schedules, allowing them time
to either get their home ready to sell or look to buy. And with the New Year
right around the corner, people have a focus on the future mindset, which may
include a new home. Of course, it doesn’t hurt that interest rates are at 3.25%
for a 30-year fixed.
All the references I’ve heard to real estate having an “off
season” originate from non-real estate news sources. Are you interested in
taking advantage of this seller’s market? Call “Definitely Dave” today at
303-442-5001.
