Homes Usually Go Under Contract More Slowly In The Winter, But Maybe Not This Year?


Homes Usually Go Under Contract More Slowly In The Winter, But Maybe Not This Year?
By Scott Rogers • November 20, 2020
Usually, things slow down in the winter. Winter of 2017/18... November through February = average of 44 days on market Two Months Before/After = average of 25 days on market Winter of 2018/19... November through January = average of 46 days on market Two Months Before/After = average of 25 days on market Winter of 2019/20... November through December = average of 37 days on market Two Months Before/After = average of 16 days on market As you can see, things usually slow down during the winter in the sense that the days on market (how long it takes for a new listing to go under contract) is higher in those winter months. This year, however, I suspect we're going to see something quite different. I think we will see houses to continue to go under contract quickly as we move through November and December. So, if you are hoping to sell in the next six months -- right now might not be as bad of a time to do so as you might think based on historical norms. Two side notes... The graph above is showing the median days on market in each given month. The narrative I have included above then averages those median values. Sort of confusing, but ask if you have questions. It is interesting that the "winter" from a real estate perspective keeps getting shorter! 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 22, 2024 (unless otherwise noted).
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