Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, November 20, 2020
Usually, things slow down in the winter.
Winter of 2017/18...
- November through February = average of 44 days on market
- Two Months Before/After = average of 25 days on market
Winter of 2018/19...
- November through January = average of 46 days on market
- Two Months Before/After = average of 25 days on market
Winter of 2019/20...
- November through December = average of 37 days on market
- Two Months Before/After = average of 16 days on market
As you can see, things usually slow down during the winter in the sense that the days on market (how long it takes for a new listing to go under contract) is higher in those winter months.
This year, however, I suspect we're going to see something quite different. I think we will see houses to continue to go under contract quickly as we move through November and December.
So, if you are hoping to sell in the next six months -- right now might not be as bad of a time to do so as you might think based on historical norms.
Two side notes...
- The graph above is showing the median days on market in each given month. The narrative I have included above then averages those median values. Sort of confusing, but ask if you have questions.
- It is interesting that the "winter" from a real estate perspective keeps getting shorter!
