It is true that is takes longer to sell a home in December than it does in October but in these parts we are talking about an average of 12 days, at least for the years that I took data samples. I recently read an article written by one of the big real estate media companies that indicated that homes sell quicker and for more money in the winter and that they are more likely to sell. I could not find local numbers to back that claim up but it is true that sometimes what “they say” makes the fall market sound worse than it is.
Homes are sold in the fall and winter in these parts and it is true that the buyers who are out house hunting in November are motivated and the sellers who put their homes on the market this time of year are really motivated.
We see an inventory reduction each fall which works out just fine because we have fewer home buyers out looking too. . . but maybe there are fewer buyers because there are fewer seller?
As for the media company the article sure sounded authoritative but when I looked at actual numbers I could see that it was just wrong. You really can’t believe everything you read on the internet and real estate is local which means that the national writers who provide generic content for national web sites don’t always get it right.
