Does anyone really decide to buy a house between mid-December and mid-January?
Actually, yes.... Last year, between December 15 and January 14, buyers wrote contracts on 43 homes in Harrisonburg and Rockingham County. Compare this to the past twelve months (page 6 of my most recent market report) and you'll find that seven of the twelve months didn't show too much more contract activity than was seen between last Dec 15 and Jan 14:
Thus, in the next month (+/-) we'll probably see about 1 in 20 homes go under contract. The key question here is WHICH homes it will be that sell? Perhaps those:
- lowest seven months of contracts: 45, 48, 51, 54, 59, 60, 60
- highest seven months of contracts: 74, 74, 84, 95, 121
Thus, in the next month (+/-) we'll probably see about 1 in 20 homes go under contract. The key question here is WHICH homes it will be that sell? Perhaps those:
- priced most competitively
- in the most desirable locations
- in excellent condition
- other hopeful sellers will appreciate it, as it will reduce the competition
- you won't miss out on a tremendous amount of buyers (likely 43-ish)
- you will miss out on about the same number of buyers as you do roughly six out of twelve months of the year