Contract Activity Slows Heading Towards Thanksgiving


Contract Activity Slows Heading Towards Thanksgiving
By Scott Rogers • November 20, 2018
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. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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