Contract Activity Slows Heading Towards Thanksgiving

And -- as we might have expected -- home sales activity is slowing as we roll into late November.  The graph above shows the number of contracts signed per month for each of the past eight months -- and those signed in the first 19 days of November.

Now, it's possible that we'll have a huge surge of contracts on Black Friday (oh wait, homes aren't going to be on sale that day) but if not, we're likely to see pretty big drop in contract activity this month.

Again, nothing new or surprising - just the seasonal shift that we always see in November.  We should expect to see low levels of contract activity for the next few months before buyer activity jumps up again in March.

If you're a seller who just listed their home for sale, or if your house is lingering on the market, we should talk about strategies related to pricing and timing to meet your goals for selling your house.