People are particularly busy between Thanksgiving and Christmas. Most families are preoccupied with buying and wrapping gifts, cooking for family, and hosting parties. If that isn't enough to overwhelm you, you're welcome to throw in an Open House event in the middle of it all. And if you do, are there gonna be people who will come view your home?
Do People Buy Homes Post-Thanksgiving?
This is an age-old question that sellers consistently ask their agents during this time of the year. Realtors, like myself, would likely tell people that they should keep their homes in the market. But whenever I advise for or against something, I make sure that there is a sound basis for that advice. So, what could be considered a sound basis to keep your home in the market despite the busiest month of the year?
There ARE buyers during the holidays!
I'm sure you'd be skeptical. But statistics form the US Census Bureau and US Department of Housing and Urban Development announced that in November 2017 alone, 733,00 new houses were sold to home buyers. And while the graphs show a downtrend towards the end of the year compared to Spring and summer home sales, the fact remains that there are buyers who are looking for homes during the holidays.
These are the people who are looking to start a new career in a different city by January or people who have recently sold their homes and need to find a new home to move into. December is also a prime month to move because most movers, brokers, and home inspectors are quite often available to attend to the limited number of buyers. Also, a great deal of buyers intently pursues buying this time so they could inspect the house for problems that are associated with the chillier parts of the year (i.e. problematic central heating system)
There are many reasons to motivate sellers to keep their homes listed and for buyers to look for homes during the holidays. Ultimately, it depends on the reasons why they are looking for or selling their home and whether it can be put off for another month or two to wait for Spring which is prime time for selling real estate properties.
November 2017 Data on Houses Sold - https://www.census.gov/construction/nrs/pdf/newressales.pdf