
It should be no surprise that buying activity (contracts being signed) slows down over the Winter. As shown above -- an average of 79 buyers sign contracts in January, which then increases a bit, to 90, in February, and then makes a much larger jump in March to an average of 133/month.
So, we're going to say the MARCH is when we first seem a big jump in buyer activity. For that reason, many sellers wait until March (or even April) to put their homes on the market -- though the Spring market brings more competition from other sellers in addition to meaning that we'll start to see more buyers.
I have also read several articles (locally, regionally and nationally) talking about how this year the "Spring housing market" is taking off just after Christmas instead of in March like in past years. Let's take a look...
Contracts Signed Between December 26 and January 8...
- Three Years Ago = Dec 26, 2016 - Jan 8, 207 = 22 contracts
- Two Years Ago = Dec 26, 2017 - Jan 8, 2018 = 36 contracts
- Last Year = Dec 26, 2018 - Jan 8, 2019 = 21 contracts
So, over the past three years, there have been an average of 26 contracts between during the two weeks after Christmas.
And how about this year?
- This Year = Dec 26, 2019 - Jan 8, 2020 = 25 contracts
So, this year is actually starting off just about the same as we've seen for the past three years. The Spring market isn't quite here yet despite what you might read. :-)