With the holidays approaching, sellers often wonder if they should keep their properties on the market or take them off. Or if they haven’t listed their homes yet, should they wait until after the first of the year? Maybe hold off until spring?
There tends to be less inventory around the holidays, so in my opinion it’s a good time to list your home.
There are only 255 residential homes for sale in Woodbury today compared to 315 in May of this year.
Conventional wisdom used to be that you shouldn’t even try to sell your home during the busy holiday season. Potential home buyers were too preoccupied with attending parties, cooking meals, buying presents or planning vacations. With all that going on, there just wasn’t time to ride around with a real estate agent, looking at properties.
But with the Internet, smartphones and our always-plugged in lifestyle, that conventional wisdom isn’t relevant any more. The reality is, the home buying season is now year-round.
Today, serious buyers are always looking — and the holidays are no exception. They may check out the latest listings on their favorite app before bed or while waiting for the kids’ school holiday show to start.
There’s no such thing as buyers “going off the grid.” They are always monitoring the real estate market.
Whatever the buyers’ motivation, for sellers it means one thing: Demand for homes can increase at a time when inventory is traditionally low. And that means if you’re ready to sell, you’ll have an even more “captive” audience during the holidays, all the way through January.
