Fridays with the Fiddle Fig: Winter Market Misconception
This week's topic: Does the market slow down during the holiday/winter months?
In many parts of the country we see dramatic slowing of the real estate market during winter/holiday months. Cold, snowy weather and families not wanting to disrupt gatherings to show their houses are all players in reasons why this occurs.
But flip that to a place like San Diego and many of those factors are eliminated. The weather allows houses to still show well during winter months so there is not as much of a deterrent for buyers and sellers.
We do however, see less homes and less buyers on the market but the ones who are out there tend to be much more serious about it.
There's also an uptick in investor sales. Either because they are trying to take advantage of tax savings or make end of year quotas.
My advice to buyers would be to still get out there and look, even if you don't think you're going to find anything. There's a chance you'll find a hidden gem from a seller who is more motivated to sell. There will also probably be less competition, so instead of competing with four or five offers there may only be one other you're going up against.
For sellers - if you don't mind arranging showings around family events, then get it out there and listed. You'll find that buyers are much less wishy washy and likely to be more serious in their offers.
So yes, you could see all of this as the market slowing down during the holidays but ultimately it can benefit those who do decide to get out and buy or sell. The people who are wanting to do it during this time are serious about it and set out to get the job done.