The dusting of snow we got on Tuesday was a reminder of what is to come. It will get colder and snowier and usually, the real estate market slows down a bit.
In some parts of the country, the seller’s market is starting to lose its grip but here in the metro area, the inventory of homes on the market remains small. Prices usually do not go up as much during the winter as they do in the spring.
Serious buyers should start looking or keep looking during the winter months and particularly during the holidays. Sellers tend to be more motivated this time of year and most years we see fewer “bidding wars” in the winter.
Home sellers are often reluctant to list homes for sale during the holidays yet every December there are homes on the market and people buy them.
Personally, I like to take advantage of the kind of real estate agent slowdown I see this time of year. I make my self-available to work with both buyers and sellers.