Advantages of Selling a Home at this Time of Year
This time of year, homeowners often wonder if it is wise to have their home on the market during the holiday season. There are several advantages for selling a home during this time of year. 1) Statistics show that there are fewer homes listed during this time; therefore, there is less competition for home sales, and a home has the potential to receive more exposure. 2) Buyers may have more time off from work to shop for a home during this time and are likely to buy quickly in order to move in before the holiday – or – they may have accounting/tax reasons for closing on a new home before the year-end ... and we have noticed a new flurry of buyers over the last week 3) Interest rates are still very low, the $8,000 first-time home-buyer’s tax credit has been extended, and an additional $6,500 tax credit is now available for other home buyers.... which is an awesome combination for qualified buyers!
In addition, we just reviewed the market statistics for our area, and we would like to share it with you. At the end of November, the total number of active single family home and condo listings on the market in Garland County was 1,307 – a significant decrease from the two previous months (Oct – 1,355 | Sept – 1,423). We consider this positive news for sellers, as we watch more and more sellers continue to withdraw their listings from the market during this time of year. However, while the inventory is steadily decreasing, we also noticed that the home sales dropped slightly in November to 59 total units sold in Garland County during this month, as compared to 78 total units sold in October and 74 total units sold in September of this year. For more details, please click here to review our monthly market update or you may review this report anytime, by clicking on the “Get the Latest Market Update” button on the lower left-hand side of our website.