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Inventory and Competition

It is well known that during the spring and summer months the housing inventory is largest as most home sellers put their home on the market. But this does not mean that during fall and winter there are no properties for sale. The MLS always has homes and properties listed on it. Although the holiday season will have properties available, their number will be lower. Nevertheless, you can be sure to find a property that will suit your housing needs throughout the year, unless now your attention is totally fixated on a particular home or your list of needs is a mile long.

Couple Unpacking Moving Boxes

In spite of the low home inventory in the fall and winter, the fact is that people still list their homes, especially if they are serious sellers. When there are fewer homes to choose from, the market is slower, but it is also less competitive in terms of other buyers looking for homes. Having less competition can mean no scenarios of multiple, high dollar offers on one property hence fewer counter-offers to compete against. With low supply, buyers and sellers alike will have a greater opportunity to actually think about offers, and especially for buyers, low competition guarantees that you’re not making a rushed or rash decision based on emotions or other counter-offers when you do find the perfect property. For serious sellers, the fall and winter seasons presents an opportunity to capture motivated buyers and a better sales price for you.

Want to find out more? Follow me on Facebook and find out why you should consider buying or selling real estate during the holidays.

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